# Official Journal L 133/2023

| | ISSN 1977-0677 |
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| Official Journal
  of the European Union | L 133 |
| | |
| English edition | Legislation | Volume 6617 May 2023 |

ISSN 1977-0677

Official Journal

of the European Union

L 133

English edition

Legislation

Volume 6617 May 2023

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| Contents | | II   Non-legislative acts | page |
| --- | --- | --- | --- |
| | | REGULATIONS |
| | * | Commission Regulation (EU) 2023/966 of 15 May 2023 amending Council Regulation (EC) No 338/97 to reflect the amendments adopted at the 19th meeting of the Conference of the Parties to the Convention on International Trade in Endangered Species of Wild Fauna and Flora | 1 |
| | * | Commission Implementing Regulation (EU) 2023/967 of 16 May 2023 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 March 2023 until 29 June 2023 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (
  1
  ) | 125 |
| | * | Commission Implementing Regulation (EU) 2023/968 of 16 May 2023 imposing a definitive anti-dumping duty on imports of certain heavy plate of non-alloy or other alloy steel originating in the People’s Republic of China following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council | 214 |

Contents

II   Non-legislative acts

page

REGULATIONS

*

Commission Regulation (EU) 2023/966 of 15 May 2023 amending Council Regulation (EC) No 338/97 to reflect the amendments adopted at the 19th meeting of the Conference of the Parties to the Convention on International Trade in Endangered Species of Wild Fauna and Flora

1

*

Commission Implementing Regulation (EU) 2023/967 of 16 May 2023 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 March 2023 until 29 June 2023 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (
  1
  )

1

125

*

Commission Implementing Regulation (EU) 2023/968 of 16 May 2023 imposing a definitive anti-dumping duty on imports of certain heavy plate of non-alloy or other alloy steel originating in the People’s Republic of China following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council

214

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| | (1)   Text with EEA relevance. |

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(1)   Text with EEA relevance.

1

| EN | Acts whose titles are printed in light type are those relating to day-to-day management of agricultural matters, and are generally valid for a limited period.
  The titles of all other Acts are printed in bold type and preceded by an asterisk. |
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EN

Acts whose titles are printed in light type are those relating to day-to-day management of agricultural matters, and are generally valid for a limited period.

The titles of all other Acts are printed in bold type and preceded by an asterisk.

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II Non-legislative acts

REGULATIONS

| 17.5.2023 | EN | Official Journal of the European Union | L 133/1 |
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17.5.2023

EN

Official Journal of the European Union

L 133/1

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COMMISSION REGULATION (EU) 2023/966

of 15 May 2023

amending Council Regulation (EC) No 338/97 to reflect the amendments adopted at the 19th meeting of the Conference of the Parties to the Convention on International Trade in Endangered Species of Wild Fauna and Flora

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Council Regulation (EC) No 338/97 of 9 December 1996 on the protection of species of wild fauna and flora by regulating trade therein (1), and in particular Article 19(5) thereof,

Whereas:

| (1) | Regulation (EC) No 338/97 regulates trade in animal and plant species listed in the Annex to that Regulation. The species listed in that Annex include the species set out in the Appendices to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) (‘the Convention’) as well as species whose conservation status requires that trade from, into and within the Union be regulated or monitored. |
| --- | --- |

(1)

Regulation (EC) No 338/97 regulates trade in animal and plant species listed in the Annex to that Regulation. The species listed in that Annex include the species set out in the Appendices to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) (‘the Convention’) as well as species whose conservation status requires that trade from, into and within the Union be regulated or monitored.

| (2) | At the 19th meeting of the Conference of the Parties to the Convention, held in Panama City (Panama), from 14 to 25 November 2022 (CoP19), amendments were made to the Appendices to the Convention. Those amendments should be reflected in Regulation (EC) No 338/97. |
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(2)

At the 19th meeting of the Conference of the Parties to the Convention, held in Panama City (Panama), from 14 to 25 November 2022 (CoP19), amendments were made to the Appendices to the Convention. Those amendments should be reflected in Regulation (EC) No 338/97.

| (3) | The following taxa were included in Appendix I to the Convention and should be included in Annex A to Regulation (EC) No 338/97: Tiliqua adelaidensis, Kinosternon cora and Kinosternon vogti. |
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(3)

The following taxa were included in Appendix I to the Convention and should be included in Annex A to Regulation (EC) No 338/97: Tiliqua adelaidensis, Kinosternon cora and Kinosternon vogti.

| (4) | The following species were transferred from Appendix II to Appendix I to the Convention and should be deleted from Annex B to Regulation (EC) No 338/97 and included in Annex A to that Regulation: Pycnonotus zeylanicus (with delayed implementation), Batagur kachuga, Cuora galbinifrons, Nilssonia leithii. |
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(4)

The following species were transferred from Appendix II to Appendix I to the Convention and should be deleted from Annex B to Regulation (EC) No 338/97 and included in Annex A to that Regulation: Pycnonotus zeylanicus (with delayed implementation), Batagur kachuga, Cuora galbinifrons, Nilssonia leithii.

| (5) | The following taxa were transferred from Appendix I to Appendix II to the Convention and should be deleted from Annex A to Regulation (EC) No 338/97 and included in Annex B to that Regulation: Ceratotherium simum simum (population of Namibia, with annotation), Cynomys mexicanus, Branta canadensis leucopareia, Phoebastria albatrus, Caiman latirostris (population of Brazil, with annotation), Crocodylus porosus (population of Palawan Islands, Philippines, with annotation). Chilabothrus inornatus, which was also transferred from Appendix I to Appendix II to the Convention and should be deleted from Annex A to Regulation (EC) No 338/97, is now included in Annex B to Regulation (EC) No 338/97 under the listing for Boidae spp. |
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(5)

The following taxa were transferred from Appendix I to Appendix II to the Convention and should be deleted from Annex A to Regulation (EC) No 338/97 and included in Annex B to that Regulation: Ceratotherium simum simum (population of Namibia, with annotation), Cynomys mexicanus, Branta canadensis leucopareia, Phoebastria albatrus, Caiman latirostris (population of Brazil, with annotation), Crocodylus porosus (population of Palawan Islands, Philippines, with annotation). Chilabothrus inornatus, which was also transferred from Appendix I to Appendix II to the Convention and should be deleted from Annex A to Regulation (EC) No 338/97, is now included in Annex B to Regulation (EC) No 338/97 under the listing for Boidae spp.

| (6) | The following family, genera and species were included in Appendix II to the Convention and should be included in Annex B to Regulation (EC) No 338/97: Copsychus malabaricus, Physignathus cocincinus, Cyrtodactylus jeyporensis, Tarentola chazaliae, Phrynosoma spp., Chelus fimbriatus (includes Chelus orinocensis), Macrochelys temminckii, Chelydra serpentina, Graptemys barbouri, Graptemys ernsti, Graptemys gibbonsi, Graptemys pearlensis, Graptemys pulchra, Rhinoclemmys spp., Claudius angustatus, Kinosternon spp. (except species in Annex A), Staurotypus salvinii, Staurotypus triporcatus, Sternotherus spp., Apalone spp. (except subspecies in Annex A), Centrolenidae spp., Agalychnis lemur (with annotation), Laotriton laoensis (with annotation), Carcharhinidae spp. (with delayed implementation), Sphyrnidae spp., Potamotrygon albimaculata, Potamotrygon henlei, Potamotrygon jabuti, Potamotrygon leopoldi, Potamotrygon marquesi, Potamotrygon signata, Potamotrygon wallacei, Rhinobatidae spp., Hypancistrus zebra (with annotation), Thelenota spp. (with delayed implementation), Handroanthus spp. (with annotation and delayed implementation), Roseodendron spp. (with annotation and delayed implementation), Tabebuia spp. (with annotation and delayed implementation), Rhodiola spp. (with annotation), Afzelia spp. (African populations, with annotation), Dipteryx spp. (with annotation and delayed implementation), Pterocarpus spp. (African populations, with annotation), Khaya spp. (African populations, with annotation). |
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(6)

The following family, genera and species were included in Appendix II to the Convention and should be included in Annex B to Regulation (EC) No 338/97: Copsychus malabaricus, Physignathus cocincinus, Cyrtodactylus jeyporensis, Tarentola chazaliae, Phrynosoma spp., Chelus fimbriatus (includes Chelus orinocensis), Macrochelys temminckii, Chelydra serpentina, Graptemys barbouri, Graptemys ernsti, Graptemys gibbonsi, Graptemys pearlensis, Graptemys pulchra, Rhinoclemmys spp., Claudius angustatus, Kinosternon spp. (except species in Annex A), Staurotypus salvinii, Staurotypus triporcatus, Sternotherus spp., Apalone spp. (except subspecies in Annex A), Centrolenidae spp., Agalychnis lemur (with annotation), Laotriton laoensis (with annotation), Carcharhinidae spp. (with delayed implementation), Sphyrnidae spp., Potamotrygon albimaculata, Potamotrygon henlei, Potamotrygon jabuti, Potamotrygon leopoldi, Potamotrygon marquesi, Potamotrygon signata, Potamotrygon wallacei, Rhinobatidae spp., Hypancistrus zebra (with annotation), Thelenota spp. (with delayed implementation), Handroanthus spp. (with annotation and delayed implementation), Roseodendron spp. (with annotation and delayed implementation), Tabebuia spp. (with annotation and delayed implementation), Rhodiola spp. (with annotation), Afzelia spp. (African populations, with annotation), Dipteryx spp. (with annotation and delayed implementation), Pterocarpus spp. (African populations, with annotation), Khaya spp. (African populations, with annotation).

| (7) | The following genera and species, which were so far listed in Annex D to Regulation (EC) No 338/97, should be deleted from that Annex following their inclusion in Appendix II to the Convention at CoP19: Physignathus cocincinus, Laotriton laoensis, Handroanthus spp. (with delayed implementation), Tabebuia spp. (with delayed implementation), Roseodendron spp. (with delayed implementation), Rhodiola spp. and Khaya spp.. |
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(7)

The following genera and species, which were so far listed in Annex D to Regulation (EC) No 338/97, should be deleted from that Annex following their inclusion in Appendix II to the Convention at CoP19: Physignathus cocincinus, Laotriton laoensis, Handroanthus spp. (with delayed implementation), Tabebuia spp. (with delayed implementation), Roseodendron spp. (with delayed implementation), Rhodiola spp. and Khaya spp..

| (8) | The interpretation section of the Appendices to the Convention was amended, and a number of annotations relating to several taxa included in those Appendices were adopted or amended at CoP19, which need to be reflected in the Annexes to Regulation (EC) No 338/97. |
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(8)

The interpretation section of the Appendices to the Convention was amended, and a number of annotations relating to several taxa included in those Appendices were adopted or amended at CoP19, which need to be reflected in the Annexes to Regulation (EC) No 338/97.

| (9) | In particular, the following annotations were included in the Appendices to the Convention:


  — | an annotation for Ceratotherium simum simum (population of Namibia), |
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(9)

In particular, the following annotations were included in the Appendices to the Convention:

—

an annotation for Ceratotherium simum simum (population of Namibia),

| — | an annotation for Caiman latirostris (population of Brazil), |
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—

an annotation for Caiman latirostris (population of Brazil),

| — | an annotation for Crocodylus porosus (population of the Palawan Islands, Philippines), |
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—

an annotation for Crocodylus porosus (population of the Palawan Islands, Philippines),

| — | an annotation for Agalychnis lemur, |
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—

an annotation for Agalychnis lemur,

| — | an annotation for Laotriton laoensis, |
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—

an annotation for Laotriton laoensis,

| — | an annotation for Hypancistrus zebra, |
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—

an annotation for Hypancistrus zebra,

| — | annotation #17 for Handroanthus spp., Roseodendron spp. and Tabebuia spp., |
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—

annotation #17 for Handroanthus spp., Roseodendron spp. and Tabebuia spp.,

| — | annotation #2 for Rhodiola spp., |
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—

annotation #2 for Rhodiola spp.,

| — | annotation #17 for Afzelia spp. (African populations), |
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—

annotation #17 for Afzelia spp. (African populations),

| — | annotation #17 for Dipteryx spp., |
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—

annotation #17 for Dipteryx spp.,

| — | annotation #17 for Pterocarpus spp. (African populations), |
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—

annotation #17 for Pterocarpus spp. (African populations),

| — | annotation #17 for Khaya spp. (African populations). |
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—

annotation #17 for Khaya spp. (African populations).

| (10) | In particular, the following annotations were amended in the Appendices to the Convention:


  — | the annotations #1, #4, #10 and #14, |
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(10)

In particular, the following annotations were amended in the Appendices to the Convention:

—

the annotations #1, #4, #10 and #14,

| — | the parenthetical annotation for Orchidaceae species listed in Appendix I, |
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—

the parenthetical annotation for Orchidaceae species listed in Appendix I,

| — | the annotation for Pterocarpus tinctorius and inclusion of this taxon and of Pterocarpus erinaceus under the listing for Pterocarpus spp. (African populations) with annotation #17. |
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—

the annotation for Pterocarpus tinctorius and inclusion of this taxon and of Pterocarpus erinaceus under the listing for Pterocarpus spp. (African populations) with annotation #17.

| (11) | It is also necessary to amend notes 12, 13 and 14 of the notes on interpretation of Annexes A, B, C and D to Regulation (EC) No 338/97, including as regards the definitions for ‘10 kg per shipment’ and ‘transformed wood’, to reflect the changes adopted at CoP19. |
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(11)

It is also necessary to amend notes 12, 13 and 14 of the notes on interpretation of Annexes A, B, C and D to Regulation (EC) No 338/97, including as regards the definitions for ‘10 kg per shipment’ and ‘transformed wood’, to reflect the changes adopted at CoP19.

| (12) | The following species were included in Appendix III to the Convention: Daboia palaestinae at the request of Israel; Caribena versicolor and Papilio phorbanta at the request of the Union; Melopyrrha nigra and Tiaris canorus at the request of Cuba; Conophytum spp., Mestoklema tuberosum, Raphionacme zeyheri, Crassothonna clavifolia, Othonna armiana, Othonna cacalioides, Othonna euphorbioides, Othonna retrorsa, Tylecodon bodleyae, Tylecodon nolteei, Tylecodon reticulatus, Monsonia herrei, Monsonia multifida, Monsonia patersonii, Pelargonium crassicaule, Pelargonium triste, Adenia spinosa, Portulacaria pygmaea, all at the request of South Africa; Ctenophorus spp., Intellagama spp., Tympanocryptis spp., Carphodactylus spp., Nephrurus spp., Orraya spp., Phyllurus spp., Saltuarius spp., Strophurus spp., Underwoodisaurus spp., Uvidicolus spp., Egernia spp., Tiliqua multifasciata, Tiliqua nigrolutea, Tiliqua occipitalis, Tiliqua rugosa, Tiliqua scincoides intermedia and Tiliqua scincoides scincoides, at the request of Australia; and Holacanthus limbaughi at the request of France. These species should therefore be included in Annex C to Regulation (EC) No 338/97. |
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(12)

The following species were included in Appendix III to the Convention: Daboia palaestinae at the request of Israel; Caribena versicolor and Papilio phorbanta at the request of the Union; Melopyrrha nigra and Tiaris canorus at the request of Cuba; Conophytum spp., Mestoklema tuberosum, Raphionacme zeyheri, Crassothonna clavifolia, Othonna armiana, Othonna cacalioides, Othonna euphorbioides, Othonna retrorsa, Tylecodon bodleyae, Tylecodon nolteei, Tylecodon reticulatus, Monsonia herrei, Monsonia multifida, Monsonia patersonii, Pelargonium crassicaule, Pelargonium triste, Adenia spinosa, Portulacaria pygmaea, all at the request of South Africa; Ctenophorus spp., Intellagama spp., Tympanocryptis spp., Carphodactylus spp., Nephrurus spp., Orraya spp., Phyllurus spp., Saltuarius spp., Strophurus spp., Underwoodisaurus spp., Uvidicolus spp., Egernia spp., Tiliqua multifasciata, Tiliqua nigrolutea, Tiliqua occipitalis, Tiliqua rugosa, Tiliqua scincoides intermedia and Tiliqua scincoides scincoides, at the request of Australia; and Holacanthus limbaughi at the request of France. These species should therefore be included in Annex C to Regulation (EC) No 338/97.

| (13) | Othonna retrorsa, which was so far listed in Annex D to Regulation (EC) No 338/97, should be removed from that Annex following its inclusion in Appendix III to the Convention at the request of South Africa. Echinotriton andersoni, which was included in Annex C to Regulation (EC) No 338/97 on 16 December 2021 following its inclusion in Appendix III to the Convention on 13 February 2021 by Japan, should also be removed from Annex D to Regulation (EC) No 338/97. |
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(13)

Othonna retrorsa, which was so far listed in Annex D to Regulation (EC) No 338/97, should be removed from that Annex following its inclusion in Appendix III to the Convention at the request of South Africa. Echinotriton andersoni, which was included in Annex C to Regulation (EC) No 338/97 on 16 December 2021 following its inclusion in Appendix III to the Convention on 13 February 2021 by Japan, should also be removed from Annex D to Regulation (EC) No 338/97.

| (14) | The Scientific Review Group has concluded that Dipteryx spp. (except D. panamensis) should be included in Annex D to Regulation (EC) No 338/97 with an annotation delimiting which types of specimens are covered by the listing (annotation §5), until the entry into effect of the listing in Annex B to that Regulation. |
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(14)

The Scientific Review Group has concluded that Dipteryx spp. (except D. panamensis) should be included in Annex D to Regulation (EC) No 338/97 with an annotation delimiting which types of specimens are covered by the listing (annotation §5), until the entry into effect of the listing in Annex B to that Regulation.

| (15) | The Union has not entered a reservation in respect of any of those amendments. |
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(15)

The Union has not entered a reservation in respect of any of those amendments.

| (16) | At CoP19, new nomenclatural references for animals and plants were adopted. |
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(16)

At CoP19, new nomenclatural references for animals and plants were adopted.

| (17) | As a result, it is necessary to change the names of the following species and subspecies: Allochrocebus solatus, Antigone canadensis, Antigone canadensis nesiotes, Antigone canadensis pulla, Antigone vipio, Aonyx cinereus, Chilabothrus inornatus, Chilabothrus monensis, Chilabothrus subflavus, Chondrohierax wilsonii, Hypotaenidia sylvestris, Leucogeranus leucogeranus, Montivipera wagneri, Protobothrops mangshanensis, Psephotellus chrysopterygius, Psephotellus dissimilis, Psephotellus pulcherrimus, Python molurus, Sclerophrys channingi and Sclerophrys superciliaris. |
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(17)

As a result, it is necessary to change the names of the following species and subspecies: Allochrocebus solatus, Antigone canadensis, Antigone canadensis nesiotes, Antigone canadensis pulla, Antigone vipio, Aonyx cinereus, Chilabothrus inornatus, Chilabothrus monensis, Chilabothrus subflavus, Chondrohierax wilsonii, Hypotaenidia sylvestris, Leucogeranus leucogeranus, Montivipera wagneri, Protobothrops mangshanensis, Psephotellus chrysopterygius, Psephotellus dissimilis, Psephotellus pulcherrimus, Python molurus, Sclerophrys channingi and Sclerophrys superciliaris.

| (18) | The following species and subspecies were included in Appendix I to the Convention due to nomenclatural changes and should therefore be included in Annex A to Regulation (EC) No 338/97: Equus hemionus luteus, Pachypodium windsorii, Pezoporus flaviventris and Pongo tapanuliensis. The following species and genus were included in Appendix II to the Convention due to nomenclatural changes and should therefore be included in Annex B to Regulation (EC) No 338/97: Agalychnis terranova, Malayemys khoratensis, Paruwrobates andinus, Paruwrobates erythromos, Philantomba maxwellii, Sericopelma angustum, Sericopelma embrithes and Tliltocatl spp. While the following species were included in Appendix II to the Convention due to nomenclatural changes, they should be included in Annex A to Regulation (EC) No 338/97 as the species from which they were split are listed in Annex A to that Regulation: Circus hudsonius, Phoenicopterus roseus, Piliocolobus bouvieri and Piliocolobus epieni. |
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(18)

The following species and subspecies were included in Appendix I to the Convention due to nomenclatural changes and should therefore be included in Annex A to Regulation (EC) No 338/97: Equus hemionus luteus, Pachypodium windsorii, Pezoporus flaviventris and Pongo tapanuliensis. The following species and genus were included in Appendix II to the Convention due to nomenclatural changes and should therefore be included in Annex B to Regulation (EC) No 338/97: Agalychnis terranova, Malayemys khoratensis, Paruwrobates andinus, Paruwrobates erythromos, Philantomba maxwellii, Sericopelma angustum, Sericopelma embrithes and Tliltocatl spp. While the following species were included in Appendix II to the Convention due to nomenclatural changes, they should be included in Annex A to Regulation (EC) No 338/97 as the species from which they were split are listed in Annex A to that Regulation: Circus hudsonius, Phoenicopterus roseus, Piliocolobus bouvieri and Piliocolobus epieni.

| (19) | The following species were deleted from Appendix I to the Convention due to nomenclatural changes and should therefore be deleted from Annex A to Regulation (EC) No 338/97: Alouatta coibensis (due to synonymisation of Alouatta coibensis with Alouatta palliata) and Falco pelegrinoides (due to the synonymisation of Falco pelegrinoides with Falco peregrinus). The following species were deleted from Appendix II due to nomenclatural changes and should therefore be deleted from Annex B to Regulation (EC) No 338/97: Aphonopelma albiceps (due to a genus transfer to Brachypelma) and Manta spp. (due to the synonymisation of the genus Manta with the genus Mobula). |
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(19)

The following species were deleted from Appendix I to the Convention due to nomenclatural changes and should therefore be deleted from Annex A to Regulation (EC) No 338/97: Alouatta coibensis (due to synonymisation of Alouatta coibensis with Alouatta palliata) and Falco pelegrinoides (due to the synonymisation of Falco pelegrinoides with Falco peregrinus). The following species were deleted from Appendix II due to nomenclatural changes and should therefore be deleted from Annex B to Regulation (EC) No 338/97: Aphonopelma albiceps (due to a genus transfer to Brachypelma) and Manta spp. (due to the synonymisation of the genus Manta with the genus Mobula).

| (20) | In view of the extent of the amendments necessary to the Annex to Regulation (EC) No 338/97, it is appropriate, for reasons of clarity, to replace that Annex in its entirety. |
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(20)

In view of the extent of the amendments necessary to the Annex to Regulation (EC) No 338/97, it is appropriate, for reasons of clarity, to replace that Annex in its entirety.

| (21) | Regulation (EC) No 338/97 should therefore be amended accordingly. |
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(21)

Regulation (EC) No 338/97 should therefore be amended accordingly.

| (22) | In accordance with Article XV.1(c) of the Convention, amendments adopted at a meeting of the Conference of the Parties are to enter into force 90 days after that meeting for all Parties. In order to ensure the timely entry into force of the changes to the Annex to this Regulation, the entry into force of this Regulation should be on the third day following that of its publication. |
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(22)

In accordance with Article XV.1(c) of the Convention, amendments adopted at a meeting of the Conference of the Parties are to enter into force 90 days after that meeting for all Parties. In order to ensure the timely entry into force of the changes to the Annex to this Regulation, the entry into force of this Regulation should be on the third day following that of its publication.

| (23) | The measures provided for in this Regulation are in accordance with the opinion of the Committee on Trade in Wild Fauna and Flora established pursuant to Article 18(1) of Regulation (EC) No 338/97, |
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(23)

The measures provided for in this Regulation are in accordance with the opinion of the Committee on Trade in Wild Fauna and Flora established pursuant to Article 18(1) of Regulation (EC) No 338/97,

HAS ADOPTED THIS REGULATION:

Article 1

The Annex to Regulation (EC) No 338/97 is replaced by the text in the Annex to this Regulation.

Article 2

This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 15 May 2023.

For the Commission

The President

Ursula VON DER LEYEN

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(1)  
  OJ L 61, 3.3.1997, p. 1.

1

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ANNEX

‘ANNEX

Notes on interpretation of Annexes A, B, C and D

1.

| (a) | by the name of the species; or |
| --- | --- |

(a)

by the name of the species; or

| (b) | as being all of the species included in a higher taxon or designated part thereof. |
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(b)

as being all of the species included in a higher taxon or designated part thereof.

2.

The abbreviation ‘spp.’ is used to denote all species of a higher taxon.

3.

Other references to taxa higher than species are for the purposes of information or classification only.

4.

Species printed in bold in Annex A are listed there in consistency with their protection as provided for by Directive 2009/147/EC of the European Parliament and of the Council (1) or Council Directive 92/43/EEC (2).

5.

| (a) | ‘ssp.’ is used to denote subspecies; |
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(a)

‘ssp.’ is used to denote subspecies;

| (b) | ‘var(s).’ is used to denote variety (varieties); and |
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(b)

‘var(s).’ is used to denote variety (varieties); and

| (c) | ‘fa.’ is used to denote forma. |
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(c)

‘fa.’ is used to denote forma.

6.

The symbols ‘(I)’, ‘(II)’ and ‘(III)’ placed against the name of a species or higher taxon refer to the Appendices to the Convention in which the species concerned are listed as indicated in notes 7, 8 and 9. Where none of these annotations appears, the species concerned are not listed in the Appendices to the Convention.

7.

(I) against the name of a species or higher taxon indicates that the species or higher taxon concerned is included in Appendix I to the Convention.

8.

(II) against the name of a species or higher taxon indicates that the species or higher taxon concerned is included in Appendix II to the Convention.

9.

(III) against the name of a species or higher taxon indicates that it is included in Appendix III to the Convention. In this case the country with respect to which the species or higher taxon is included in Appendix III is also indicated.

10.

‘Cultivar’ means, following the definition of the 8th edition of the International Code of Nomenclature for Cultivated Plants, an assemblage of plants that (a) has been selected for a particular character or combination of characters, (b) is distinct, uniform, and stable in these characters, and (c) when propagated by appropriate means, retains those characters. No new taxon of a cultivar can be regarded as such until its category name and circumscription has been formally published in the latest edition of the International Code of Nomenclature for Cultivated Plants.

11.

Hybrids may be specifically included in the Appendices but only if they form distinct and stable populations in the wild. Hybrid animals that have in their previous four generations of the lineage one or more specimens of species included in Annexes A or B shall be subject to this Regulation just as if they were full species, even if the hybrid concerned is not specifically included in the Annexes.

12.

| #1 | Designates all parts and derivatives, except:


  (a) | seeds, spores and pollen (including pollinia); |
| --- | --- | --- |

# 1

Designates all parts and derivatives, except:

(a)

seeds, spores and pollen (including pollinia);

| (b) | seedling or tissue cultures obtained in vitro, transported in sterile containers; |
| --- | --- |

(b)

seedling or tissue cultures obtained in vitro, transported in sterile containers;

| (c) | cut flowers of artificially propagated plants; and |
| --- | --- |

(c)

cut flowers of artificially propagated plants; and

| (d) | fruits, and parts and derivatives thereof, of artificially propagated plants of the genus Vanilla. |
| --- | --- |

(d)

fruits, and parts and derivatives thereof, of artificially propagated plants of the genus Vanilla.

| #2 | Designates all parts and derivatives, except:


  (a) | seeds and pollen; and |
| --- | --- | --- |

# 2

Designates all parts and derivatives, except:

(a)

seeds and pollen; and

| (b) | finished products packaged and ready for retail trade. |
| --- | --- |

(b)

finished products packaged and ready for retail trade.

| #3 | Designates whole and sliced roots and parts of roots, excluding manufactured parts or derivatives, such as powders, pills, extracts, tonics, teas and confectionery. |
| --- | --- |

# 3

Designates whole and sliced roots and parts of roots, excluding manufactured parts or derivatives, such as powders, pills, extracts, tonics, teas and confectionery.

| #4 | Designates all parts and derivatives, except:


  (a) | seeds (including seedpods of Orchidaceae), spores and pollen (including pollinia). The exemption does not apply to seeds from Cactaceae spp. exported from Mexico, and to seeds from Beccariophoenix madagascariensis and Dypsis decaryi exported from Madagascar; |
| --- | --- | --- |

# 4

Designates all parts and derivatives, except:

(a)

seeds (including seedpods of Orchidaceae), spores and pollen (including pollinia). The exemption does not apply to seeds from Cactaceae spp. exported from Mexico, and to seeds from Beccariophoenix madagascariensis and Dypsis decaryi exported from Madagascar;

| (b) | seedling or tissue cultures obtained in vitro, transported in sterile containers; |
| --- | --- |

(b)

seedling or tissue cultures obtained in vitro, transported in sterile containers;

| (c) | cut flowers of artificially propagated plants; |
| --- | --- |

(c)

cut flowers of artificially propagated plants;

| (d) | fruits, and parts and derivatives thereof, of naturalized or artificially propagated plants of the genus Vanilla (Orchidaceae) and of the family Cactaceae; |
| --- | --- |

(d)

fruits, and parts and derivatives thereof, of naturalized or artificially propagated plants of the genus Vanilla (Orchidaceae) and of the family Cactaceae;

| (e) | stems, flowers, and parts and derivatives thereof, of naturalized or artificially propagated plants of the genera Opuntia subgenus Opuntia and Selenicereus (Cactaceae); |
| --- | --- |

(e)

stems, flowers, and parts and derivatives thereof, of naturalized or artificially propagated plants of the genera Opuntia subgenus Opuntia and Selenicereus (Cactaceae);

| (f) | finished products of Aloe ferox and Euphorbia antisyphilitica packaged and ready for retail trade, and |
| --- | --- |

(f)

finished products of Aloe ferox and Euphorbia antisyphilitica packaged and ready for retail trade, and

| (g) | finished products derived from artificial propagation, packaged and ready for retail trade of cosmetics containing parts and derivatives of Bletilla striata, Cycnoches cooperi, Gastrodia elata, Phalaenopsis amabilis or Phalaenopsis lobbii. |
| --- | --- |

(g)

finished products derived from artificial propagation, packaged and ready for retail trade of cosmetics containing parts and derivatives of Bletilla striata, Cycnoches cooperi, Gastrodia elata, Phalaenopsis amabilis or Phalaenopsis lobbii.

| #5 | Designates logs, sawn wood and veneer sheets. |
| --- | --- |

# 5

Designates logs, sawn wood and veneer sheets.

| #6 | Designates logs, sawn wood, veneer sheets and plywood. |
| --- | --- |

# 6

Designates logs, sawn wood, veneer sheets and plywood.

| #7 | Designates logs, wood-chips, powder and extracts. |
| --- | --- |

# 7

Designates logs, wood-chips, powder and extracts.

| #8 | Designates underground parts (i.e. roots, rhizomes): whole, parts and powdered. |
| --- | --- |

# 8

Designates underground parts (i.e. roots, rhizomes): whole, parts and powdered.

| #9 | Designates all parts and derivatives, except those bearing a label ‘Produced from Hoodia spp. material obtained through controlled harvesting and production under the terms of an agreement with the relevant CITES Management Authority of [Botswana under agreement No. BW/xxxxxx] [Namibia under agreement No. NA/xxxxxx] [South Africa under agreement No. ZA/xxxxxx]’. |
| --- | --- |

# 9

Designates all parts and derivatives, except those bearing a label ‘Produced from Hoodia spp. material obtained through controlled harvesting and production under the terms of an agreement with the relevant CITES Management Authority of [Botswana under agreement No. BW/xxxxxx] [Namibia under agreement No. NA/xxxxxx] [South Africa under agreement No. ZA/xxxxxx]’.

| #10 | Designates all parts, derivatives and finished products, except re-export of finished musical instruments, finished musical instrument accessories and finished musical instrument parts. |
| --- | --- |

# 10

Designates all parts, derivatives and finished products, except re-export of finished musical instruments, finished musical instrument accessories and finished musical instrument parts.

| #11 | Designates logs, sawn wood, veneer sheets, plywood, powder and extracts. Finished products containing such extracts as ingredients, including fragrances, are not considered to be covered by this annotation. |
| --- | --- |

# 11

Designates logs, sawn wood, veneer sheets, plywood, powder and extracts. Finished products containing such extracts as ingredients, including fragrances, are not considered to be covered by this annotation.

| #12 | Designates logs, sawn wood, veneer sheets, plywood and extracts. Finished products containing such extracts as ingredients, including fragrances, are not considered to be covered by this annotation. |
| --- | --- |

# 12

Designates logs, sawn wood, veneer sheets, plywood and extracts. Finished products containing such extracts as ingredients, including fragrances, are not considered to be covered by this annotation.

| #13 | Designates the kernel (also known as ‘endosperm’, ‘pulp’ or ‘copra’) and any derivative thereof, except finished products packaged and ready for retail trade. |
| --- | --- |

# 13

Designates the kernel (also known as ‘endosperm’, ‘pulp’ or ‘copra’) and any derivative thereof, except finished products packaged and ready for retail trade.

| #14 | Designates all parts and derivatives, except:


  (a) | seeds and pollen; |
| --- | --- | --- |

# 14

Designates all parts and derivatives, except:

(a)

seeds and pollen;

| (b) | seedling or tissue cultures obtained in vitro, transported in sterile containers; |
| --- | --- |

(b)

seedling or tissue cultures obtained in vitro, transported in sterile containers;

| (c) | fruits; |
| --- | --- |

(c)

fruits;

| (d) | leaves; |
| --- | --- |

(d)

leaves;

| (e) | exhausted agarwood powder, including compressed powder in all shapes; and |
| --- | --- |

(e)

exhausted agarwood powder, including compressed powder in all shapes; and

| (f) | finished products packaged and ready for retail trade, this exemption does not apply to wood chips, beads, prayer beads and carvings. |
| --- | --- |

(f)

finished products packaged and ready for retail trade, this exemption does not apply to wood chips, beads, prayer beads and carvings.

| #15 | Designates all parts and derivatives, except:


  a) | leaves, flowers, pollen, fruits, and seeds; |
| --- | --- | --- |

# 15

Designates all parts and derivatives, except:

a)

leaves, flowers, pollen, fruits, and seeds;

| b) | finished products to a maximum weight of wood of the listed species of up to 10 kg per shipment; |
| --- | --- |

b)

finished products to a maximum weight of wood of the listed species of up to 10 kg per shipment;

| c) | finished musical instruments, finished musical instrument parts and finished musical instrument accessories; |
| --- | --- |

c)

finished musical instruments, finished musical instrument parts and finished musical instrument accessories;

| d) | parts and derivatives of Dalbergia cochinchinensis, which are covered by Annotation #4; |
| --- | --- |

d)

parts and derivatives of Dalbergia cochinchinensis, which are covered by Annotation #4;

| e) | parts and derivatives of Dalbergia spp. originating and exported from Mexico, which are covered by Annotation #6. |
| --- | --- |

e)

parts and derivatives of Dalbergia spp. originating and exported from Mexico, which are covered by Annotation #6.

| #16 | Designates seeds, fruits, and oils. |
| --- | --- |

# 16

Designates seeds, fruits, and oils.

| #17 | Designates logs, sawn wood, veneer sheets, plywood and transformed wood. |
| --- | --- |

# 17

Designates logs, sawn wood, veneer sheets, plywood and transformed wood.

| #18 | Excluding parts and derivatives, other than eggs. |
| --- | --- |

# 18

Excluding parts and derivatives, other than eggs.

13.

Extract

Any substance obtained directly from plant material by physical or chemical means regardless of the manufacturing process. An extract may be solid (e.g. crystals, resin, fine or coarse particles), semisolid (e.g. gums, waxes) or liquid (e.g. solutions, tinctures, oil and essential oils).

Finished musical instruments

A musical instrument (as referenced by the Harmonized System of the World Customs Organization, Chapter 92; musical instruments, parts and accessories of such articles) that is ready to play or needs only the installation of parts to make it playable. This term includes antique instruments (as defined by the Harmonized System codes 97.05 and 97.06; Works of art, collectors’ pieces and antiques).

Finished musical instrument accessories

A musical instrument accessory (as referenced by the Harmonized System of the World Customs Organization, Chapter 92; musical instruments, parts and accessories of such articles) that is separate from the musical instrument, and is specifically designed or shaped to be used explicitly in association with an instrument, and that requires no further modification to be used.

Finished musical instrument parts

A part (as referenced by the Harmonized System of the World Customs Organization, Chapter 92; musical instruments, parts and accessories of such articles) of a musical instrument that is ready to install and is specifically designed and shaped to be used explicitly in association with the instrument to make it playable.

Finished products packaged and ready for retail trade

Products, shipped singly or in bulk, requiring no further processing, packaged, labelled for final use or the retail trade in a state fit for being sold to or used by the general public.

Powder

A dry, solid substance in the form of fine or coarse particles

Shipment

Cargo transported under the terms of a single bill of lading or air waybill, irrespective of the quantity or number of containers or packages; or pieces worn, carried or included in personal baggage.

10 kg per shipment

For the term “10 kg per shipment”, the 10 kg limit shall be interpreted as referring to the weight of wood of each individual annotated species of genus Dalbergia or Guibourtia present in the items in the shipment. The 10 kg limit shall be assessed only against the individual weights of the portions of wood of each individual annotated species contained in each item of the shipment, and not against the total weight of the shipment. The total weights present of each individual annotated species shall be considered individually to determine whether a CITES permit or certificate is required for each individual annotated species, and weights of different individual annotated species are not added together for this purpose.

Transformed wood

Defined by Harmonized System code 44.09. Wood (including strips, friezes for parquet flooring, not assembled), continuously shaped (tongued, grooved, rebated, chamfered, V-jointed, beaded, moulded, rounded or the like) along any of its edges, ends or faces, whether or not planed, sanded or end-jointed.

Woodchips

Wood that has been reduced to small pieces.

14.

As none of the species or higher taxa of FLORA included in Annex A is annotated to the effect that its hybrids shall be treated in accordance with Article 4(1), this means that artificially propagated hybrids produced from one or more of these species or taxa may be traded with a certificate of artificial propagation, and that seeds and pollen (including pollinia), cut flowers, seedling or tissue cultures obtained in vitro, transported in sterile containers of these hybrids are not subject to this Regulation.

15.

Urine, faeces and ambergris which are waste products and gained without the manipulation of the animal concerned are not subject to this Regulation.

16.

| §1 | Any whole, or substantially whole, skins, raw or tanned. |
| --- | --- |

§1

Any whole, or substantially whole, skins, raw or tanned.

17.

| §2 | Dried and fresh plants, including, where appropriate; leaves, roots/rootstock, stems, seeds/spores, bark and fruits. |
| --- | --- |

§2

Dried and fresh plants, including, where appropriate; leaves, roots/rootstock, stems, seeds/spores, bark and fruits.

| §4 | Designates all parts and derivatives, except:


  (a) | seeds and pollen; |
| --- | --- | --- |

§4

Designates all parts and derivatives, except:

(a)

seeds and pollen;

| (b) | finished products packaged and ready for retail trade. |
| --- | --- |

(b)

finished products packaged and ready for retail trade.

| §5 | Designates logs, sawn wood, veneer sheets, plywood and transformed wood.


  (*) | Defined by Harmonized System code 44.09. Wood (including strips, friezes for parquet flooring, not assembled), continuously shaped (tongued, grooved, rebated, chamfered, V-jointed, beaded, moulded, rounded or the like) along any of its edges, ends or faces, whether or not planed, sanded or end-jointed. |
| --- | --- | --- |

§5

Designates logs, sawn wood, veneer sheets, plywood and transformed wood.

(*)

| | Annex A | Annex B | Annex C | Common name |
| --- | --- | --- | --- | --- |
| FAUNA |
| CHORDATA (CHORDATES) |
| MAMMALIA | | | | Mammals |
| ARTIODACTYLA | | | | |
| Antilocapridae | | | | Pronghorn |
| | Antilocapra americana (I) (Only the population of Mexico; no other population is included in the Annexes to this Regulation) | | | Mexican pronghorn |
| Bovidae | | | | Antelopes, cattle, duikers, gazelles, goats, sheep etc. |
| | Addax nasomaculatus (I) | | | Addax |
| | | Ammotragus lervia (II) | | Barbary sheep |
| | | | Antilope cervicapra (III Nepal/Pakistan) | Blackbuck |
| | Bos gaurus (I) (Excludes the domesticated form referenced as Bos frontalis which is not subject to this Regulation) | | | Gaur |
| | Bos mutus (I) (Excludes the domesticated form referenced as Bos grunniens which is not subject to this Regulation) | | | Wild yak |
| | Bos sauveli (I) | | | Kouprey |
| | | | Boselaphus tragocamelus (III Pakistan) | Nilgai |
| | | | Bubalus arnee (III Nepal) (Excludes the domesticated form referenced as Bubalus bubalis, which is not subject to this Regulation) | Wild Asiatic buffalo |
| | Bubalus depressicornis (I) | | | Lowland anoa |
| | Bubalus mindorensis (I) | | | Tamarau |
| | Bubalus quarlesi (I) | | | Mountain anoa |
| | | Budorcas taxicolor (II) | | Takin |
| | Capra falconeri (I) | | | Markhor |
| | | Capra caucasica (II) | | Caucasian Tur |
| | | | Capra hircus aegagrus (III Pakistan) (Specimens of the domesticated form are not subject to this Regulation) | Wild goat |
| | | | Capra sibirica (III Pakistan) | Siberian Ibex |
| | Capricornis milneedwardsii (I) | | | Chinese serow |
| | Capricornis rubidus (I) | | | Red serow |
| | Capricornis sumatraensis (I) | | | Sumatran serow |
| | Capricornis thar (I) | | | Himalayan serow |
| | | Cephalophus brookei (II) | | Brooke’s duiker |
| | | Cephalophus dorsalis (II) | | Bay duiker |
| | Cephalophus jentinki (I) | | | Jentink’s duiker |
| | | Cephalophus ogilbyi (II) | | Ogilby’s duiker |
| | | Cephalophus silvicultor (II) | | Yellow-backed duiker |
| | | Cephalophus zebra (II) | | Zebra duiker |
| | | Damaliscus pygargus pygargus (II) | | Bontebok |
| | | | Gazella bennettii (III Pakistan) | Chinkara |
| | Gazella cuvieri (I) | | | Cuvier’s gazelle |
| | | | Gazella dorcas (III Algeria/Tunisia) | Dorcas gazelle |
| | Gazella leptoceros (I) | | | Slender-horned gazelle |
| | Hippotragus niger variani (I) | | | Giant sable antelope |
| | | Kobus leche (II) | | Lechwe |
| | Naemorhedus baileyi (I) | | | Red goral |
| | Naemorhedus caudatus (I) | | | Long-tailed goral |
| | Naemorhedus goral (I) | | | Himalayan goral |
| | Naemorhedus griseus (I) | | | Chinese goral |
| | Nanger dama (I) | | | Dama gazelle |
| | Oryx dammah (I) | | | Scimitar-horned oryx |
| | Oryx leucoryx (I) | | | Arabian oryx |
| | | Ovis ammon (II) | | Altai argali |
| | | Ovis arabica (II) | | Arabian wild sheep |
| | | Ovis bochariensis (II) | | Bukhara urial |
| | | Ovis canadensis (II) (Only the population of Mexico; no other population is included in the Annexes to this Regulation) | | Mexican bighorn sheep |
| | | Ovis collium (II) | | Kazakhstan argali |
| | | Ovis cycloceros (II) | | Afghan urial |
| | | Ovis darwini (II) | | Gobi argali |
| | Ovis gmelini (I) (population of Cyprus) | | | Anatolian sheep |
| | Ovis hodgsoni (I) | | | Tibetan argali |
| | | Ovis jubata (II) | | Shansi argali |
| | | Ovis karelini (II) | | Tianshan argali |
| | Ovis nigrimontana (I) | | | Karatau argali |
| | | Ovis polii (II) | | Marco Polo argali |
| | | Ovis punjabiensis (II) | | Punjab urial |
| | | Ovis severtzovi (II) | | Severtzov’s agali |
| | Ovis vignei (I) | | | Ladakh urial |
| | Pantholops hodgsonii (I) | | | Chiru |
| | | Philantomba maxwellii (II) | | Maxwell’s duiker |
| | | Philantomba monticola (II) | | Blue duiker |
| | | | Pseudois nayaur (III Pakistan) | Bharal |
| | Pseudoryx nghetinhensis (I) | | | Saola |
| | Rupicapra pyrenaica ornata (II) | | | Abruzzo chamois |
| | | Saiga borealis (II) (A zero export quota for wild specimens traded for commercial purposes) | | Mongolian saiga |
| | | Saiga tatarica (II) (A zero export quota for wild specimens traded for commercial purposes) | | Steppe saiga |
| | | | Tetracerus quadricornis (III Nepal) | Four-horned antelope |
| Camelidae | | | | Camels, guanaco, vicuña |
| | | Lama guanicoe (II) | | Guanaco |
| | Vicugna vicugna (I) (Except for the populations of: Argentina [the populations of the Provinces of Jujuy, Catamarca and Salta, and the semi-captive populations of the Provinces of Jujuy, Salta, Catamarca, La Rioja and San Juan]; Bolivia [the whole population]; Chile [populations of the region of Tarapacá and of the region of Arica and Parinacota]; Ecuador [the whole population] and Peru [the whole population]; which are included in Annex B) | Vicugna vicugna (II) (Only the populations of Argentina [the populations of the Provinces of Jujuy, Catamarca and Salta, and the semi-captive populations of the Provinces of Jujuy, Salta, Catamarca, La Rioja and San Juan]; Bolivia [the whole population]; Chile [populations of the region of Tarapacá and of the region of Arica and Parinacota]; Ecuador [the whole population] and Peru [the whole population]; all other populations are included in Annex A) (3) | | Vicuña |
| Cervidae | | | | Deer, huemuls, muntjacs, pudus |
| | Axis calamianensis (I) | | | Calamian deer |
| | Axis kuhlii (I) | | | Bawean deer |
| | | | Axis porcinus (III Pakistan (Except for the subspecies included in Annex A)) | Hog deer |
| | Axis porcinus annamiticus (I) | | | Indochina hog deer |
| | Blastocerus dichotomus (I) | | | Marsh deer |
| | | Cervus elaphus bactrianus (II) | | Bactrian deer |
| | | | Cervus elaphus barbarus (III Algeria/Tunisia) | Barbary deer |
| | Cervus elaphus hanglu (I) | | | Hangul |
| | Dama dama mesopotamica (I) | | | Persian fallow deer |
| | Hippocamelus spp. (I) | | | Huemuls |
| | | | Mazama temama cerasina (III Guatemala) | Central American red brocket |
| | Muntiacus crinifrons (I) | | | Black muntjac |
| | Muntiacus vuquangensis (I) | | | Giant muntjac |
| | | | Odocoileus virginianus mayensis (III Guatemala) | Guatemalan white-tailed deer |
| | Ozotoceros bezoarticus (I) | | | Pampas deer |
| | | Pudu mephistophiles (II) | | Northern pudu |
| | Pudu puda (I) | | | Southern pudu |
| | Rucervus duvaucelii (I) | | | Barasingha |
| | Rucervus eldii (I) | | | Eld’s deer |
| Giraffidae | | Giraffa camelopardalis (II) | | Giraffes

  Giraffe |
| Hippopotamidae | | | | Hippopotamuses |
| | | Hexaprotodon liberiensis (II) | | Pygmy hippopotamus |
| | | Hippopotamus amphibius (II) | | Common hippopotamus |
| Moschidae | | | | Musk deer |
| | Moschus spp. (I) (Only the populations of Afghanistan, Bhutan, India, Myanmar, Nepal and Pakistan; all other populations are included in Annex B) | Moschus spp. (II) (Except for the populations of Afghanistan, Bhutan, India, Myanmar, Nepal and Pakistan, which are included in Annex A) | | Musk deer |
| Suidae | | | | Babirusa, hogs, pigs |
| | Babyrousa babyrussa (I) | | | Buru babirusa |
| | Babyrousa bolabatuensis (I) | | | Bola Batu babirusa |
| | Babyrousa celebensis (I) | | | North Sulawesi babirusa |
| | Babyrousa togeanensis (I) | | | Malenge babirusa |
| | Sus salvanius (I) | | | Pygmy hog |
| Tayassuidae | | | | Peccaries |
| | | Tayassuidae spp. (II) (Except for the species included in Annex A and excluding the populations of Pecari tajacu of Mexico and the United States, which are not included in the Annexes to this Regulation) | | Peccaries |
| | Catagonus wagneri (I) | | | Chacoan peccary |
| CARNIVORA | | | | |
| Ailuridae | | | | |
| | Ailurus fulgens (I) | | | Red panda |
| Canidae | | | | Dogs, foxes, wolves |
| | | | Canis aureus (III India) | Golden jackal |
| | Canis lupus (I/II)

  (All populations except those of Spain north of the Duero and Greece north of the 39th parallel which are listed in Annex B. Populations of Bhutan, India, Nepal and Pakistan are listed in Appendix I; all other populations are listed in Appendix II. Excludes the domesticated form and the dingo which are referenced as Canis lupus familiaris and Canis lupus dingo) | Canis lupus (II) (Only includes populations of Spain north of the Duero and Greece north of the 39th parallel. All other populations are included in Annex A. Excludes the domesticated form and the dingo which are referenced as Canis lupus familiaris and Canis lupus dingo) | | Grey wolf |
| | Canis simensis | | | Ethiopian wolf |
| | | Cerdocyon thous (II) | | Crab-eating fox |
| | | Chrysocyon brachyurus (II) | | Maned wolf |
| | | Cuon alpinus (II) | | Dhole |
| | | Lycalopex culpaeus (II) | | Culpeo |
| | | Lycalopex fulvipes (II) | | Darwin’s fox |
| | | Lycalopex griseus (II) | | South American grey fox |
| | | Lycalopex gymnocercus (II) | | Pampas fox |
| | Speothos venaticus (I) | | | Bush dog |
| | | | Vulpes bengalensis (III India) | Bengal fox |
| | | Vulpes cana (II) | | Blanford’s fox |
| | | Vulpes zerda (II) | | Fennec fox |
| Eupleridae | | | | |
| | | Cryptoprocta ferox (II) | | Fossa |
| | | Eupleres goudotii (II) | | Falanouc |
| | | Fossa fossana (II) | | Malagasy civet |
| Felidae | | | | Cats, cheetahs, leopards, lions, tigers etc. |
| | | Felidae spp. (II) (Except for the species included in Annex A. Specimens of the domesticated form are not subject to this Regulation. For
  Panthera leo
  (African populations): A zero annual export quota is established for specimens of bones, bone pieces, bone products, claws, skeletons, skulls and teeth removed from the wild and traded for commercial purposes.
  Annual export quotas for trade in bones, bone pieces, bone products, claws, skeletons, skulls and teeth for commercial purposes, derived from captive breeding operations in South Africa, will be established and communicated annually to the CITES Secretariat.) | | Cats |
| | Acinonyx jubatus (I) (Annual export quotas for live specimens and hunting trophies are granted as follows: Botswana: 5; Namibia: 150; Zimbabwe: 50. The trade in such specimens is subject to Article 4(1)) | | | Cheetah |
| | Caracal caracal (I) (Only the population of Asia; all other populations are included in Annex B) | | | Asian Caracal |
| | Catopuma temminckii (I) | | | Asian golden cat |
| | Felis nigripes (I) | | | Black-footed cat |
| | Felis silvestris (II) | | | Wild cat |
| | Herpailurus yagouaroundi (I) (Only the populations of Central and North America; all other populations are included in Annex B) | | | Jaguarundi |
| | Leopardus geoffroyi (I) | | | Geoffroy’s cat |
| | Leopardus guttulus (I) | | | Southern tigrina |
| | Leopardus jacobita (I) | | | Andean mountain cat |
| | Leopardus pardalis (I) | | | Ocelot |
| | Leopardus tigrinus (I) | | | Oncilla |
| | Leopardus wiedii (I) | | | Margay |
| | Lynx lynx (II) | | | Eurasian lynx |
| | Lynx pardinus (I) | | | Iberian lynx |
| | Neofelis diardi (I) | | | Sunda clouded leopard |
| | Neofelis nebulosa (I) | | | Mainland clouded leopard |
| | Panthera leo (I) (Only the populations of India; all other populations are included in Annex B) | | | Asiatic lion |
| | Panthera onca (I) | | | Jaguar |
| | Panthera pardus (I) | | | Leopard |
| | Panthera tigris (I) | | | Tiger |
| | Panthera uncia (I) | | | Snow leopard |
| | Pardofelis marmorata (I) | | | Marbled cat |
| | Prionailurus bengalensis bengalensis (I) (Only the populations of Bangladesh, India and Thailand; all other populations are included in Annex B) | | | Bengal leopard cat |
| | Prionailurus bengalensis euptilurus (II) | | | Iriomote cat |
| | Prionailurus planiceps (I) | | | Flat-headed cat |
| | Prionailurus rubiginosus (I) (Only the population of India; all other populations are included in Annex B) | | | Rusty-spotted cat |
| | Puma concolor (I) (Only the populations of Costa Rica and Panama; all other populations are included in Annex B) | | | Costa Rican cougar |
| Herpestidae | | | | Mongooses |
| | | | Herpestes edwardsi (III India/Pakistan) | Indian grey mongoose |
| | | | Herpestes fuscus (III India) | Indian brown mongoose |
| | | | Herpestes javanicus (III Pakistan) | Small Asian mongoose |
| | | | Herpestes javanicus auropunctatus (III India) | Small Indian mongoose |
| | | | Herpestes smithii (III India) | Ruddy mongoose |
| | | | Herpestes urva (III India) | Crab-eating mongoose |
| | | | Herpestes vitticollis (III India) | Stripe-necked mongoose |
| Hyaenidae | | | | Aardwolf, hyenas |
| | | | Hyaena hyaena (III Pakistan) | Striped hyena |
| | | | Proteles cristata (III Botswana) | Aardwolf |
| Mephitidae | | | | Skunks |
| | | Conepatus humboldtii (II) | | Humboldt’s hog-nosed skunk |
| Mustelidae | | | | Badgers, martens, weasels etc. |
| Lutrinae | | | | Otters |
| | | Lutrinae spp. (II) (Except for the species included in Annex A) | | Otters |
| | Aonyx capensis microdon (I) (Only the populations of Cameroon and Nigeria; all other populations are included in Annex B) | | | Cameroon clawless otter |
| | Aonyx cinereus (I) | | | Small-clawed otter |
| | Enhydra lutris nereis (I) | | | Southern sea otter |
| | Lontra felina (I) | | | Marine otter |
| | Lontra longicaudis (I) | | | Neotropical otter |
| | Lontra provocax (I) | | | Southern river otter |
| | Lutra lutra (I) | | | European otter |
| | Lutra nippon (I) | | | Japanese otter |
| | Lutrogale perspicillata (I) | | | Smooth-coated otter |
| | Pteronura brasiliensis (I) | | | Giant otter |
| Mustelinae | | | | Grisons, martens, tayra, weasels |
| | | | Eira barbara (III Honduras) | Tayra |
| | | | Martes flavigula (III India) | Yellow-throated marten |
| | | | Martes foina intermedia (III India) | Stone marten |
| | | | Martes gwatkinsii (III India) | Nilgiri marten |
| | | | Mellivora capensis (III Botswana) | Honey badger |
| | Mustela nigripes (I) | | | Black-footed ferret |
| Odobenidae | | | | Walrus |
| | | Odobenus rosmarus (III Canada) | | Walrus |
| Otariidae | | | | Fur seals, sealions |
| | | Arctocephalus spp. (II) (Except for the species included in Annex A) | | Fur seals |
| | Arctocephalus philippii (II) | | | Juan Fernández fur seal |
| | Arctocephalus townsendi (I) | | | Guadalupe fur seal |
| Phocidae | | | | Seals |
| | | Mirounga leonina (II) | | Southern elephant seal |
| | Monachus spp. (I) | | | Monk seals |
| Procyonidae | | | | Coatis, olingos |
| | | | Nasua narica (III Honduras) | White-nosed coati |
| | | | Nasua nasua solitaria (III Uruguay) | South Brazilian coati |
| | | | Potos flavus (III Honduras) | Kinkajou |
| Ursidae | | | | Bears |
| | | Ursidae spp. (II) (Except for the species included in Annex A) | | Bears |
| | Ailuropoda melanoleuca (I) | | | Giant panda |
| | Helarctos malayanus (I) | | | Sun bear |
| | Melursus ursinus (I) | | | Sloth bear |
| | Tremarctos ornatus (I) | | | Spectacled bear |
| | Ursus arctos (I/II)

  (Only the populations of Bhutan, China, Mexico and Mongolia and the subspecies Ursus arctos isabellinus are listed in Appendix I; all other populations and subspecies are listed in Appendix II) | | | Brown bear |
| | Ursus thibetanus (I) | | | Asian black bear |
| Viverridae | | | | Binturong, civets, linsangs, otter-civet, palm civet |
| | | | Arctictis binturong (III India) | Binturong |
| | | | Civettictis civetta (III Botswana) | African civet |
| | | Cynogale bennettii (II) | | Otter civet |
| | | Hemigalus derbyanus (II) | | Banded palm civet |
| | | | Paguma larvata (III India) | Masked palm civet |
| | | | Paradoxurus hermaphroditus (III India) | Asian palm civet |
| | | | Paradoxurus jerdoni (III India) | Jerdon’s palm civet |
| | | Prionodon linsang (II) | | Banded linsang |
| | Prionodon pardicolor (I) | | | Spotted linsang |
| | | | Viverra civettina (III India) | Malabar large-spotted civet |
| | | | Viverra zibetha (III India) | Large Indian civet |
| | | | Viverricula indica (III India) | Small Indian civet |
| CETACEA | | | | Cetaceans (dolphins, porpoises, whales) |
| | CETACEA spp. (I/II)
   (4) | | | Cetaceans |
| CHIROPTERA | | | | |
| Phyllostomidae | | | | Broad-nosed bats |
| | | | Platyrrhinus lineatus (III Uruguay) | White-lined bat |
| Pteropodidae | | | | Fruit bats, flying foxes |
| | | Acerodon spp. (II) (Except for the species included in Annex A) | | Flying foxes |
| | Acerodon jubatus (I) | | | Golden-capped fruit bat |
| | | Pteropus spp. (II) (Except for the species included in Annex A and except for Pteropus brunneus which is not included in the Annexes) | | Flying foxes |
| | Pteropus insularis (I) | | | Ruck flying fox |
| | Pteropus livingstonii (II) | | | Comoro flying fox |
| | Pteropus loochoensis (I) | | | Japanese flying fox |
| | Pteropus mariannus (I) | | | Marianas flying fox |
| | Pteropus molossinus (I) | | | Caroline flying fox |
| | Pteropus pelewensis (I) | | | Pelew flying fox |
| | Pteropus pilosus (I) | | | Large Pelew flying fox |
| | Pteropus rodricensis (II) | | | Rodrigues flying fox |
| | Pteropus samoensis (I) | | | Samoan flying fox |
| | Pteropus tonganus (I) | | | Pacific flying fox |
| | Pteropus ualanus (I) | | | Kosrae flying fox |
| | Pteropus voeltzkowi (II) | | | Pemba flying fox |
| | Pteropus yapensis (I) | | | Yap flying fox |
| CINGULATA | | | | |
| Dasypodidae | | | | Armadillos |
| | | | Cabassous tatouay (III Uruguay) | Greater naked-tailed armadillo |
| | | Chaetophractus nationi (II) (A zero annual export quota has been established. All specimens shall be deemed to be specimens of species included in Annex A and the trade in them shall be regulated accordingly) | | Andean hairy armadillo |
| | Priodontes maximus (I) | | | Giant armadillo |
| DASYUROMORPHIA | | | | |
| Dasyuridae | | | | Dunnarts, marsupial mice, planigales |
| | Sminthopsis longicaudata (I) | | | Long-tailed dunnart |
| | Sminthopsis psammophila (I) | | | Sandhill dunnart |
| DIPROTODONTIA | | | | |
| Macropodidae | | | | Kangaroos, wallabies |
| | | Dendrolagus inustus (II) | | Grizzled tree-kangaroo |
| | | Dendrolagus ursinus (II) | | Ursine tree-kangaroo |
| | Lagorchestes hirsutus (I) | | | Rufous hare-wallaby |
| | Lagostrophus fasciatus (I) | | | Banded hare-wallaby |
| | Onychogalea fraenata (I) | | | Bridled nail-tail wallaby |
| Phalangeridae | | | | Cuscus |
| | | Phalanger intercastellanus (II) | | Eastern common cuscus |
| | | Phalanger mimicus (II) | | Southern common cuscus |
| | | Phalanger orientalis (II) | | Northern common cuscus |
| | | Spilocuscus kraemeri (II) | | Admiralty Island cuscus |
| | | Spilocuscus maculatus (II) | | Common spotted cuscus |
| | | Spilocuscus papuensis (II) | | Waigeou cuscus |
| Potoroidae | | | | Rat-kangaroos |
| | Bettongia spp. (I) | | | Bettongs |
| Vombatidae | | | | Wombats |
| | Lasiorhinus krefftii (I) | | | Northern hairy-nosed wombat |
| LAGOMORPHA | | | | |
| Leporidae | | | | Hares, rabbits |
| | Caprolagus hispidus (I) | | | Hispid hare |
| | Romerolagus diazi (I) | | | Volcano rabbit |
| MONOTREMATA | | | | |
| Tachyglossidae | | | | Echidnas, spiny anteaters |
| | | Zaglossus spp. (II) | | Long-beaked echidnas |
| PERAMELEMORPHIA | | | | |
| Peramelidae | | | | |
| | Perameles bougainville (I) | | | Western barred bandicoot |
| Thylacomyidae | | | | |
| | Macrotis lagotis (I) | | | Greater bilby |
| PERISSODACTYLA | | | | |
| Equidae | | | | Horses, wild asses, zebras |
| | Equus africanus (I) (Excludes the domesticated form referenced as Equus asinus, which is not subject to this Regulation) | | | African ass |
| | Equus grevyi (I) | | | Grévy’s zebra |
| | Equus hemionus (I/II) (The species is listed in Appendix II but subspecies Equus hemionus hemionus, Equus hemionus khur and Equus hemionus luteus are listed in Appendix I) | | | Asiatic wild ass |
| | Equus kiang (II) | | | Kiang |
| | Equus przewalskii (I) | | | Przewalski’s horse |
| | | Equus zebra hartmannae (II) | | Hartmann’s mountain zebra |
| | | Equus zebra zebra (II) | | Cape mountain zebra |
| Rhinocerotidae | | | | Rhinoceroses |
| | Rhinocerotidae spp. (I) (Except for the subspecies included in Annex B) | | | Rhinoceroses |
| | | Ceratotherium simum simum (II) (Only the populations of Eswatini, Namibia and South Africa; all other populations are included in Annex A. For the populations of Eswatini and South Africa: for the exclusive purpose of allowing international trade in live animals to appropriate and acceptable destinations and trade in hunting trophies. For the population of Namibia: for the exclusive purpose of allowing international trade in live animals for in-situ conservation only and only within the natural and historical range of Ceratotherium simum in Africa. All other specimens from the populations of Eswatini, Namibia and South Africa shall be deemed to be specimens of species included in Annex A and trade in them shall be regulated accordingly) | | Southern white rhinoceros |
| Tapiridae | | | | Tapirs |
| | Tapiridae spp. (I) (Except for the species included in Annex B) | | | Tapirs |
| | | Tapirus terrestris (II) | | South American tapir |
| PHOLIDOTA | | | | |
| Manidae | | | | Pangolins |
| | | Manis spp. (II)
  (Except for the species included in Annex A) | | Pangolins |
| | Manis crassicaudata (I) | | | Indian pangolin |
| | Manis culionensis (I) | | | Philippine pangolin |
| | Manis gigantea (I) | | | Giant pangolin |
| | Manis javanica (I) | | | Sunda pangolin |
| | Manis pentadactyla (I) | | | Chinese pangolin |
| | Manis temminckii (I) | | | Ground pangolin |
| | Manis tetradactyla (I) | | | Long-tailed pangolin |
| | Manis tricuspis (I) | | | Tree pangolin |
| PILOSA | | | | |
| Bradypodidae | | | | Three-toed sloths |
| | | Bradypus pygmaeus (II) | | Pygmy tree-toed sloth |
| | | Bradypus variegatus (II) | | Brown-throated sloth |
| Myrmecophagidae | | | | American anteaters |
| | | Myrmecophaga tridactyla (II) | | Giant anteater |
| | | | Tamandua mexicana (III Guatemala) | Northern tamandua |
| PRIMATES | | | | Primates (apes and monkeys) |
| | | PRIMATES spp. (II) (Except for the species included in Annex A) | | Primates |
| Atelidae | | | | Howlers, spider monkeys |
| | Alouatta palliata (I) | | | Mantled howler |
| | Alouatta pigra (I) | | | Guatemalan black howler |
| | Ateles geoffroyi frontatus (I) | | | Black-browed spider monkey |
| | Ateles geoffroyi ornatus (I) | | | Red spider monkey |
| | Brachyteles arachnoides (I) | | | Southern muriqui |
| | Brachyteles hypoxanthus (I) | | | Northern muriqui |
| | Oreonax flavicauda (I) | | | Yellow-tailed woolly monkey |
| Cebidae | | | | Marmosets, tamarins, New-world monkeys |
| | Callimico goeldii (I) | | | Goeldi’s marmoset |
| | Callithrix aurita (I) | | | Buffy-tufted marmoset |
| | Callithrix flaviceps (I) | | | Buffy-headed marmoset |
| | Leontopithecus spp. (I) | | | Lion tamarins |
| | Saguinus bicolor (I) | | | Pied tamarin |
| | Saguinus geoffroyi (I) | | | Geoffroy’s tamarin |
| | Saguinus leucopus (I) | | | White-footed tamarin |
| | Saguinus martinsi (I) | | | Martins’ bare-face tamarin |
| | Saguinus oedipus (I) | | | Cottontop tamarin |
| | Saimiri oerstedii (I) | | | Central American squirrel monkey |
| Cercopithecidae | | | | Old-world monkeys |
| | Allochrocebus solatus (II) | | | Sun-tailed monkey |
| | Cercocebus galeritus (I) | | | Tana River mangabey |
| | Cercopithecus diana (I) | | | Diana monkey |
| | Cercopithecus roloway (I) | | | Roloway monkey |
| | Colobus satanas (II) | | | Black colobus |
| | Macaca silenus (I) | | | Lion-tailed macaque |
| | Macaca sylvanus (I) | | | Barbary macaque |
| | Mandrillus leucophaeus (I) | | | Drill |
| | Mandrillus sphinx (I) | | | Mandrill |
| | Nasalis larvatus (I) | | | Proboscis monkey |
| | Piliocolobus bouvieri (II) | | | Bouvier’s red colobus |
| | Piliocolobus epieni (II) | | | Niger Delta red colobus |
| | Piliocolobus foai (II) | | | Central African red colobus |
| | Piliocolobus gordonorum (II) | | | Uzungwa red colobus |
| | Piliocolobus kirkii (I) | | | Zanzibar red colobus |
| | Piliocolobus pennantii (II) | | | Pennant’s red colobus |
| | Piliocolobus preussi (II) | | | Preuss’s red colobus |
| | Piliocolobus rufomitratus (I) | | | Tana River red colobus |
| | Piliocolobus tephrosceles (II) | | | Ugandan red colobus |
| | Piliocolobus tholloni (II) | | | Thollon’s red colobus |
| | Presbytis potenziani (I) | | | Mentawai langur |
| | Pygathrix spp. (I) | | | Douc langurs |
| | Rhinopithecus spp. (I) | | | Snub-nosed monkeys |
| | Semnopithecus ajax (I) | | | Kashmir grey langur |
| | Semnopithecus dussumieri (I) | | | Southern Plains grey langur |
| | Semnopithecus entellus (I) | | | Northern Plains grey langur |
| | Semnopithecus hector (I) | | | Tarai grey langur |
| | Semnopithecus hypoleucos (I) | | | Black-footed grey langur |
| | Semnopithecus priam (I) | | | Tufted grey langur |
| | Semnopithecus schistaceus (I) | | | Nepal grey langur |
| | Simias concolor (I) | | | Simakobou |
| | Trachypithecus delacouri (II) | | | Delacour’s langur |
| | Trachypithecus francoisi (II) | | | François’s langur |
| | Trachypithecus geei (I) | | | Gee’s golden langur |
| | Trachypithecus hatinhensis (II) | | | Hatinh langur |
| | Trachypithecus johnii (II) | | | Nilgiri langur |
| | Trachypithecus laotum (II) | | | Laotian langur |
| | Trachypithecus pileatus (I) | | | Capped langur |
| | Trachypithecus poliocephalus (II) | | | White-headed langur |
| | Trachypithecus shortridgei (I) | | | Shortridge’s langur |
| Cheirogaleidae | | | | Dwarf lemurs and mouse-lemurs |
| | Cheirogaleidae spp. (I) | | | Dwarf lemurs and mouse lemurs |
| Daubentoniidae | | | | Aye-aye |
| | Daubentonia madagascariensis (I) | | | Aye-aye |
| Hominidae | | | | Chimpanzees, gorillas, orang-utan |
| | Gorilla beringei (I) | | | Eastern gorilla |
| | Gorilla gorilla (I) | | | Western gorilla |
| | Pan spp. (I) | | | Chimpanzee and bonobo |
| | Pongo abelii (I) | | | Sumatran orangutan |
| | Pongo pygmaeus (I) | | | Bornean orangutan |
| | Pongo tapanuliensis (I) | | | Tapanuli orangutan |
| Hylobatidae | | | | Gibbons |
| | Hylobatidae spp. (I) | | | Gibbons |
| Indriidae | | | | Indri, sifakas and woolly lemurs |
| | Indriidae spp. (I) | | | Indri, sifakas and woolly lemurs |
| Lemuridae | | | | Large lemurs |
| | Lemuridae spp. (I) | | | Large lemurs |
| Lepilemuridae | | | | Sportive lemurs |
| | Lepilemuridae spp. (I) | | | Sportive lemurs |
| Lorisidae | | | | Lorises |
| | Nycticebus spp. (I) | | | Slow lorises |
| Pitheciidae | | | | Uacaris, titis, sakis |
| | Cacajao spp. (I) | | | Uacaris |
| | Callicebus barbarabrownae (II) | | | Barbara Brown’s Titi |
| | Callicebus melanochir (II) | | | Coastal Black-handed Titi |
| | Callicebus nigrifrons (II) | | | Black-fronted Titi |
| | Callicebus personatus (II) | | | Atlantic titi |
| | Chiropotes albinasus (I) | | | White-nosed saki |
| Tarsiidae | | | | Tarsiers |
| | Tarsius spp. (II) | | | Tarsiers |
| PROBOSCIDEA | | | | |
| Elephantidae | | | | Elephants |
| | Elephas maximus (I) | | | Asian elephant |
| | Loxodonta africana (I) (Except for the populations of Botswana, Namibia, South Africa and Zimbabwe, which are included in Annex B) | Loxodonta africana (II)
  (Only the populations of Botswana, Namibia, South Africa and Zimbabwe (5); all other populations are included in Annex A) | | African elephant |
| RODENTIA | | | | |
| Chinchillidae | | | | Chinchillas |
| | Chinchilla spp. (I) (Specimens of the domesticated form are not subject to this Regulation) | | | Chinchillas |
| Cuniculidae | | | | Pacas |
| | | | Cuniculus paca (III Honduras) | Lowland paca |
| Dasyproctidae | | | | Agoutis |
| | | | Dasyprocta punctata (III Honduras) | Central American agouti |
| Erethizontidae | | | | New-world porcupines |
| | | | Sphiggurus mexicanus (III Honduras) | Mexican hairy dwarf porcupine |
| | | | Sphiggurus spinosus (III Uruguay) | Paraguaian hairy dwarf porcupine |
| Hystricidae | | | | Old-world porcupines |
| | Hystrix cristata | | | Crested porcupine |
| Muridae | | | | Mice, rats |
| | | Leporillus conditor (II) | | Greater stick-nest rat |
| | | Pseudomys fieldi (II) | | Shark Bay mouse |
| | | Xeromys myoides (II) | | False water rat |
| | | Zyzomys pedunculatus (II) | | Central Australian rock rat |
| Sciuridae | | | | Ground squirrels, tree squirrels |
| | | Cynomys mexicanus (II) | | Mexican prairie dog |
| | | | Marmota caudata (III India) | Long-tailed marmot |
| | | | Marmota himalayana (III India) | Himalayan marmot |
| | | Ratufa spp. (II) | | Giant squirrels |
| SCANDENTIA | | | | |
| | | SCANDENTIA spp. (II) | | Treeshrews |
| SIRENIA | | | | |
| Dugongidae | | | | Dugong |
| | Dugong dugon (I) | | | Dugong |
| Trichechidae | | | | Manatees |
| | Trichechus inunguis (I) | | | |
| | Trichechus manatus (I) | | | |
| | Trichechus senegalensis (I) | | | |
| AVES | | | | Birds |
| ANSERIFORMES | | | | |
| Anatidae | | | | Ducks, geese, swans etc. |
| | Anas aucklandica (I) | | | Auckland Islands teal |
| | | Anas bernieri (II) | | Madagascar teal |
| | Anas chlorotis (I) | | | Brown teal |
| | | Anas formosa (II) | | Baikal teal |
| | Anas laysanensis (I) | | | Laysan duck |
| | Anas nesiotis (I) | | | Campbell Island teal |
| | Anas querquedula | | | Garganey |
| | Asarcornis scutulata (I) | | | White-winged duck |
| | Aythya innotata | | | Madagascar pochard |
| | Aythya nyroca | | | Ferruginous duck |
| | | Branta canadensis leucopareia (II) | | Aleutian goose |
| | Branta ruficollis (II) | | | Red-breasted goose |
| | Branta sandvicensis (I) | | | Nene |
| | | Coscoroba coscoroba (II) | | Coscoroba swan |
| | | Cygnus melancoryphus (II) | | Black-necked swan |
| | | Dendrocygna arborea (II) | | West Indian whistling-duck |
| | | | Dendrocygna autumnalis (III Honduras) | Black-bellied whistling-duck |
| | | | Dendrocygna bicolor (III Honduras) | Fulvous whistling-duck |
| | Mergus octosetaceus | | | Brazilian merganser |
| | Oxyura leucocephala (II) | | | White-headed duck |
| | Rhodonessa caryophyllacea (I) | | | Pink-headed duck |
| | | Sarkidiornis melanotos (II) | | Comb duck |
| | Tadorna cristata | | | Crested shelduck |
| APODIFORMES | | | | |
| Trochilidae | | | | Hummingbirds |
| | | Trochilidae spp. (II) (Except for the species included in Annex A) | | Hummingbirds |
| | Glaucis dohrnii (I) | | | Hook-billed hermit |
| CHARADRIIFORMES | | | | |
| Burhinidae | | | | Thick-knees |
| | | | Burhinus bistriatus (III Guatemala) | Double-striped thick-knee |
| Laridae | | | | Gulls, terns |
| | Larus relictus (I) | | | Relict gull |
| Scolopacidae | | | | Curlews, greenshanks |
| | Numenius borealis (I) | | | Eskimo curlew |
| | Numenius tenuirostris (I) | | | Slender-billed curlew |
| | Tringa guttifer (I) | | | Nordmann’s greenshank |
| CICONIIFORMES | | | | |
| Ardeidae | | | | Egrets, herons |
| | Ardea alba | | | Great egret |
| | Bubulcus ibis | | | Cattle egret |
| | Egretta garzetta | | | Little egret |
| Balaenicipitidae | | | | Shoebill, whale-headed stork |
| | | Balaeniceps rex (II) | | Shoebill |
| Ciconiidae | | | | Storks |
| | Ciconia boyciana (I) | | | Oriental stork |
| | Ciconia nigra (II) | | | Black stork |
| | Ciconia stormi | | | Storm’s stork |
| | Jabiru mycteria (I) | | | Jabiru |
| | Leptoptilos dubius | | | Greater adjutant stork |
| | Mycteria cinerea (I) | | | Milky stork |
| Phoenicopteridae | | | | Flamingos |
| | | Phoenicopteridae spp. (II) (Except for the species included in Annex A) | | Flamingos |
| | Phoenicopterus roseus (II) | | | Greater flamingo |
| | Phoenicopterus ruber (II) | | | American flamingo |
| Threskiornithidae | | | | Ibises, spoonbills |
| | | Eudocimus ruber (II) | | Scarlet ibis |
| | Geronticus calvus (II) | | | Bald ibis |
| | Geronticus eremita (I) | | | Waldrapp |
| | Nipponia nippon (I) | | | Crested ibis |
| | Platalea leucorodia (II) | | | Eurasian spoonbill |
| | Pseudibis gigantea | | | Giant ibis |
| COLUMBIFORMES | | | | |
| Columbidae | | | | Doves, pigeons |
| | Caloenas nicobarica (I) | | | Nicobar pigeon |
| | Claravis godefrida | | | Purple-winged ground-dove |
| | Columba livia | | | Rock pigeon |
| | Ducula mindorensis (I) | | | Mindoro zone-tailed pigeon |
| | | Gallicolumba luzonica (II) | | Luzon bleeding-heart |
| | | Goura spp. (II) | | Crowned-pigeons |
| | Leptotila wellsi | | | Grenada dove |
| | | | Nesoenas mayeri (III Mauritius) | Pink pigeon |
| | Streptopelia turtur | | | European turtle-dove |
| CORACIIFORMES | | | | |
| Bucerotidae | | | | Hornbills |
| | | Aceros spp. (II) (Except for the species included in Annex A) | | Hornbills |
| | Aceros nipalensis (I) | | | Rufous-necked hornbill |
| | | Anorrhinus spp. (II) | | Hornbills |
| | | Anthracoceros spp. (II) | | Hornbills |
| | | Berenicornis spp. (II) | | Hornbills |
| | | Buceros spp. (II) (Except for the species included in Annex A) | | Hornbills |
| | Buceros bicornis (I) | | | Great hornbill |
| | | Penelopides spp. (II) | | Hornbills |
| | Rhinoplax vigil (I) | | | Helmeted hornbill |
| | | Rhyticeros spp. (II) (Except for the species included in Annex A) | | Hornbills |
| | Rhyticeros subruficollis (I) | | | Plain-pouched hornbill |
| CUCULIFORMES | | | | |
| Musophagidae | | | | Turacos |
| | | Tauraco spp. (II) (Except for the species included in Annex A) | | Turacos |
| | Tauraco bannermani (II) | | | Bannerman’s turaco |
| FALCONIFORMES | | | | Diurnal birds of prey (eagles, falcons, hawks, vultures) |
| | | FALCONIFORMES spp. (II)
  (Except for the species included in Annex A; except for one species of the family Cathartidae included in Annex C; the other species of that family are not included in the Annexes to this Regulation; and except for Caracara lutosa which is not subject to this Regulation) | | Diurnal birds of prey |
| Accipitridae | | | | Hawks, eagles |
| | Accipiter brevipes (II) | | | Levant sparrowhawk |
| | Accipiter gentilis (II) | | | Northern goshawk |
| | Accipiter nisus (II) | | | Eurasian sparrowhawk |
| | Aegypius monachus (II) | | | Cinereous vulture |
| | Aquila adalberti (I) | | | Adalbert’s eagle |
| | Aquila chrysaetos (II) | | | Golden eagle |
| | Aquila clanga (II) | | | Greater spotted eagle |
| | Aquila heliaca (I) | | | Imperial eagle |
| | Aquila pomarina (II) | | | Lesser spotted eagle |
| | Buteo buteo (II) | | | Common buzzard |
| | Buteo lagopus (II) | | | Rough-legged buzzard |
| | Buteo rufinus (II) | | | Long-legged buzzard |
| | Chondrohierax wilsonii (I) | | | Cuban hook-billed kite |
| | Circaetus gallicus (II) | | | Short-toed snake-eagle |
| | Circus aeruginosus (II) | | | Western marsh-harrier |
| | Circus cyaneus (II) | | | Hen harrier |
| | Circus hudsonius (II) | | | Northern harrier |
| | Circus macrourus (II) | | | Pallid harrier |
| | Circus pygargus (II) | | | Montagu’s harrier |
| | Elanus caeruleus (II) | | | Black-winged kite |
| | Eutriorchis astur (II) | | | Madagascar serpent-eagle |
| | Gypaetus barbatus (II) | | | Lammergeier |
| | Gyps fulvus (II) | | | Eurasian griffon |
| | Haliaeetus spp. (I/II) (Haliaeetus albicilla is listed in Appendix I; the other species are listed in Appendix II) | | | Sea-eagles |
| | Harpia harpyja (I) | | | Harpy eagle |
| | Hieraaetus fasciatus (II) | | | Bonelli’s eagle |
| | Hieraaetus pennatus (II) | | | Booted eagle |
| | Leucopternis occidentalis (II) | | | Grey-backed hawk |
| | Milvus migrans (II) (Except for Milvus migrans lineatus which is included in Annex B) | | | Black kite |
| | Milvus milvus (II) | | | Red kite |
| | Neophron percnopterus (II) | | | Egyptian vulture |
| | Pernis apivorus (II) | | | European honey-buzzard |
| | Pithecophaga jefferyi (I) | | | Great Philippine eagle |
| Cathartidae | | | | New world vultures |
| | Gymnogyps californianus (I) | | | California condor |
| | | | Sarcoramphus papa (III Honduras) | King vulture |
| | Vultur gryphus (I) | | | Andean condor |
| Falconidae | | | | Falcons |
| | Falco araeus (I) | | | Seychelles kestrel |
| | Falco biarmicus (II) | | | Lanner falcon |
| | Falco cherrug (II) | | | Saker falcon |
| | Falco columbarius (II) | | | Merlin |
| | Falco eleonorae (II) | | | Eleonora’s falcon |
| | Falco jugger (I) | | | Laggar falcon |
| | Falco naumanni (II) | | | Lesser kestrel |
| | Falco newtoni (I) (Only the population of the Seychelles) | | | Newton’s kestrel |
| | Falco peregrinus (I) | | | Peregrine falcon |
| | Falco punctatus (I) | | | Mauritius kestrel |
| | Falco rusticolus (I) | | | Gyrfalcon |
| | Falco subbuteo (II) | | | Eurasian hobby |
| | Falco tinnunculus (II) | | | Common kestrel |
| | Falco vespertinus (II) | | | Red-footed falcon |
| Pandionidae | | | | Ospreys |
| | Pandion haliaetus (II) | | | Osprey |
| GALLIFORMES | | | | |
| Cracidae | | | | |
| | Crax alberti (III Colombia) | | | Blue-knobbed curassow |
| | Crax blumenbachii (I) | | | Red-billed curassow |
| | | | Crax daubentoni (III Colombia) | Yellow-knobbed curassow |
| | | Crax fasciolata | | Bare-faced Curassow |
| | | | Crax globulosa (III Colombia) | Wattled curassow |
| | | | Crax rubra (III Colombia/Guatemala/Honduras) | Great currasow |
| | Mitu mitu (I) | | | Alagoas curassow |
| | Oreophasis derbianus (I) | | | Horned guan |
| | | | Ortalis vetula (III Guatemala/Honduras) | Plain chachalaca |
| | | | Pauxi pauxi (III Colombia) | Helmeted curassow |
| | Penelope albipennis (I) | | | White-winged guan |
| | | | Penelope purpurascens (III Honduras) | Crested guan |
| | | | Penelopina nigra (III Guatemala) | Highland guan |
| | Pipile jacutinga (I) | | | Black-fronted piping guan |
| | Pipile pipile (I) | | | Trinidad piping guan |
| Megapodiidae | | | | Megapodes, scrubfowl |
| | Macrocephalon maleo (I) | | | Maleo |
| Phasianidae | | | | Grouse, guineafowl, partridges, pheasants, tragopans |
| | | Argusianus argus (II) | | Great argus |
| | Catreus wallichii (I) | | | Cheer pheasant |
| | Colinus virginianus ridgwayi (I) | | | Masked bobwhite |
| | Crossoptilon crossoptilon (I) | | | White eared-pheasant |
| | Crossoptilon mantchuricum (I) | | | Brown eared-pheasant |
| | | Gallus sonneratii (II) | | Grey junglefowl |
| | | Ithaginis cruentus (II) | | Blood pheasant |
| | Lophophorus impejanus (I) | | | Himalayan monal |
| | Lophophorus lhuysii (I) | | | Chinese monal |
| | Lophophorus sclateri (I) | | | Sclater’s monal |
| | Lophura edwardsi (I) | | | Edwards’ pheasant |
| | | | Lophura leucomelanos (III Pakistan) | Kalij pheasant |
| | Lophura swinhoii (I) | | | Swinhoe’s pheasant |
| | | | Meleagris ocellata (III Guatemala) | Ocellated turkey |
| | Odontophorus strophium | | | Gorgeted wood-quail |
| | Ophrysia superciliosa | | | Himalayan quail |
| | | | Pavo cristatus (III Pakistan) | Indian peafowl |
| | | Pavo muticus (II) | | Green peafowl |
| | | Polyplectron bicalcaratum (II) | | Grey peacock-pheasant |
| | | Polyplectron germaini (II) | | Germain’s peacock-pheasant |
| | | Polyplectron malacense (II) | | Malayan peacock-pheasant |
| | Polyplectron napoleonis (I) | | | Palawan peacock-pheasant |
| | | Polyplectron schleiermacheri (II) | | Bornean peacock-pheasant |
| | | | Pucrasia macrolopha (III Pakistan) | Koklass pheasant |
| | Rheinardia ocellata (I) | | | Crested argus |
| | Syrmaticus ellioti (I) | | | Elliot’s pheasant |
| | Syrmaticus humiae (I) | | | Hume’s pheasant |
| | Syrmaticus mikado (I) | | | Mikado pheasant |
| | | Syrmaticus reevesii (II) | | Reeves’s pheasant |
| | Tetraogallus caspius (I) | | | Caspian snowcock |
| | Tetraogallus tibetanus (I) | | | Tibetan snowcock |
| | Tragopan blythii (I) | | | Blyth’s tragopan |
| | Tragopan caboti (I) | | | Cabot’s tragopan |
| | Tragopan melanocephalus (I) | | | Western tragopan |
| | | | Tragopan satyra (III Nepal) | Satyr tragopan |
| | | Tympanuchus cupido attwateri (II) | | Attwater’s prairie-chicken |
| GRUIFORMES | | | | |
| Gruidae | | | | Cranes |
| | | Gruidae spp. (II) (Except for the species included in Annex A) | | Cranes |
| | Antigone canadensis (I/II) (The species is listed in Appendix II but subspecies Antigone canadensis nesiotes and Antigone canadensis pulla are listed in Appendix I) | | | Sandhill crane |
| | Antigone vipio (I) | | | White-naped crane |
| | Balearica pavonina (I) | | | Black-crowned crane |
| | Grus americana (I) | | | Whooping crane |
| | Grus grus (II) | | | Common crane |
| | Grus japonensis (I) | | | Red-crowned crane |
| | Grus monacha (I) | | | Hooded crane |
| | Grus nigricollis (I) | | | Black-necked crane |
| | Leucogeranus leucogeranus (I) | | | Siberian crane |
| Otididae | | | | Bustards |
| | | Otididae spp. (II) (Except for the species included in Annex A) | | Bustards |
| | Ardeotis nigriceps (I) | | | Indian bustard |
| | Chlamydotis macqueenii (I) | | | Macqueen’s bustard |
| | Chlamydotis undulata (I) | | | Houbara bustard |
| | Houbaropsis bengalensis (I) | | | Bengal florican |
| | Otis tarda (II) | | | Great bustard |
| | Sypheotides indicus (II) | | | Lesser florican |
| | Tetrax tetrax (II) | | | Little bustard |
| Rallidae | | | | Coots, rails |
| | Hypotaenidia sylvestris (I) | | | Lord Howe rail |
| Rhynochetidae | | | | Kagu |
| | Rhynochetos jubatus (I) | | | Kagu |
| PASSERIFORMES | | | | |
| Alaudidae | | | | Larks |
| | | | Alauda arvensis (III Ukraine) (population of Ukraine) | Eurasian skylark |
| | | | Galerida cristata (III Ukraine) (population of Ukraine) | Crested lark |
| | | | Lullula arborea (III Ukraine) (population of Ukraine) | Woodlark |
| | | | Melanocorypha calandra (III Ukraine) (population of Ukraine) | Calandra lark |
| Atrichornithidae | | | | Scrub-birds |
| | Atrichornis clamosus (I) | | | Noisy scrub-bird |
| Cotingidae | | | | Cotingas |
| | | | Cephalopterus ornatus (III Colombia) | Amazonian umbrella bird |
| | | | Cephalopterus penduliger (III Colombia) | Long-wattled umbrella bird |
| | Cotinga maculata (I) | | | Banded cotinga |
| | | Rupicola spp. (II) | | Cocks-of-the-rock |
| | Xipholena atropurpurea (I) | | | White-winged cotinga |
| Emberizidae | | | | Old-world buntings, cardinals, tanagers |
| | | | Emberiza citrinella (III Ukraine) (population of Ukraine) | Yellowhammer |
| | | | Emberiza hortulana (III Ukraine) (population of Ukraine) | Ortolan bunting |
| | | Gubernatrix cristata (II) | | Yellow cardinal |
| | | | Melopyrrha nigra (III Cuba) | Cuban bullfinch |
| | | Paroaria capitata (II) | | Yellow-billed cardinal |
| | | Paroaria coronata (II) | | Red-crested cardinal |
| | | Tangara fastuosa (II) | | Seven-coloured tanager |
| | | | Tiaris canorus (III Cuba) | Cuban grassquit |
| Estrildidae | | | | Mannikins, waxbills |
| | | Amandava formosa (II) | | Green avadavat |
| | | Lonchura fuscata | | Timor sparrow |
| | | Lonchura oryzivora (II) | | Java sparrow |
| | | Poephila cincta cincta (II) | | Southern black-throated finch |
| Fringillidae | | | | Finches |
| | | | Carduelis cannabina (III Ukraine) (population of Ukraine) | Common linnet |
| | | | Carduelis carduelis (III Ukraine) (population of Ukraine) | European goldfinch |
| | Carduelis cucullata (I) | | | Red siskin |
| | | | Carduelis flammea (III Ukraine) (population of Ukraine) | Redpoll |
| | | | Carduelis hornemanni (III Ukraine) (population of Ukraine) | Arctic redpoll |
| | | | Carduelis spinus (III Ukraine) (population of Ukraine) | Eurasian siskin |
| | | Carduelis yarrellii (II) | | Yellow-faced siskin |
| | | | Carpodacus erythrinus (III Ukraine) (population of Ukraine) | Common rosefinch |
| | | | Loxia curvirostra (III Ukraine) (population of Ukraine) | Red crossbill |
| | | | Pyrrhula pyrrhula (III Ukraine) (population of Ukraine) | Eurasian bullfinch |
| | | | Serinus serinus (III Ukraine) (population of Ukraine) | European serin |
| Hirundinidae | | | | Martins |
| | Pseudochelidon sirintarae (I) | | | White-eyed river-martin |
| Icteridae | | | | New-world blackbirds |
| | Xanthopsar flavus (I) | | | Saffron-cowled blackbird |
| Meliphagidae | | | | Honey-eaters |
| | | Lichenostomus melanops cassidix (II) | | Helmeted honeyeater |
| Muscicapidae | | | | Old-world flycatchers, babblers, etc. |
| | Acrocephalus rodericanus (III Mauritius) | | | Rodrigues brush-warbler |
| | | Copsychus malabaricus (II) | | White-rumped sharma |
| | | Cyornis ruckii (II) | | Rueck’s blue-flycatcher |
| | | Dasyornis broadbenti litoralis (II) | | Western rufous bristlebird |
| | | Dasyornis longirostris (II) | | Western bristlebird |
| | | | Erithacus rubecula (III Ukraine) (population of Ukraine) | European robin |
| | | | Ficedula parva (III Ukraine) (population of Ukraine) | Red-breasted flycatcher |
| | | Garrulax canorus (II) | | Chinese Hwamei |
| | | Garrulax taewanus (II) | | Taiwan Hwamei |
| | | | Hippolais icterina (III Ukraine) (population of Ukraine) | Icterine warbler |
| | | Leiothrix argentauris (II) | | Silver-eared mesia |
| | | Leiothrix lutea (II) | | Red-billed leiothrix |
| | | Liocichla omeiensis (II) | | Omei Shan liocichla |
| | | | Luscinia svecica (III Ukraine) (population of Ukraine) | Bluethroat |
| | | | Luscinia luscinia (III Ukraine) (population of Ukraine) | Thrush nightingale |
| | | | Luscinia megarhynchos (III Ukraine) (population of Ukraine) | Common nightingale |
| | | | Monticola saxatilis (III Ukraine) (population of Ukraine) | Rufous-tailed rock-thrush |
| | Picathartes gymnocephalus (I) | | | White-necked rockfowl |
| | Picathartes oreas (I) | | | Grey-necked rockfowl |
| | | | Sylvia atricapilla (III Ukraine) (population of Ukraine) | Eurasian blackcap |
| | | | Sylvia borin (III Ukraine) (population of Ukraine) | Garden warbler |
| | | | Sylvia curruca (III Ukraine) (population of Ukraine) | Lesser whitethroat |
| | | | Sylvia nisoria (III Ukraine) (population of Ukraine) | Barred warbler |
| | | | Terpsiphone bourbonnensis (III Mauritius) | Mascarene paradise-flycatcher |
| | | | Turdus merula (III Ukraine) (population of Ukraine) | Eurasian blackbird |
| | | | Turdus philomelos (III Ukraine) (population of Ukraine) | Song thrush |
| Oriolidae | | | | Old-world orioles |
| | | | Oriolus oriolus (III Ukraine) (population of Ukraine) | Eurasian golden oriole |
| Paradisaeidae | | | | Birds of paradise |
| | | Paradisaeidae spp. (II) | | Birds of paradise |
| Paridae | | | | Tits and chickadees |
| | | | Parus ater (III Ukraine) (population of Ukraine) | Coal tit |
| Pittidae | | | | Pittas |
| | | Pitta guajana (II) | | Banded pitta |
| | Pitta gurneyi (I) | | | Gurney’s pitta |
| | Pitta kochi (I) | | | Whiskered pitta |
| | | Pitta nympha (II) | | Fairy pitta |
| Pycnonotidae | | | | Bulbuls |
| | Pycnonotus zeylanicus (I) (this inclusion shall enter into effect on 25 November 2023) | Pycnonotus zeylanicus (II) (until 24 November 2023) | | Straw-headed bulbul |
| Sturnidae | | | | Mynas |
| | | Gracula religiosa (II) | | Hill myna |
| | Leucopsar rothschildi (I) | | | Bali myna |
| Troglodytidae | | | | Wrens |
| | | | Troglodytes troglodytes (III Ukraine) (population of Ukraine) | Eurasian wren |
| Zosteropidae | | | | White-eyes |
| | Zosterops albogularis (I) | | | White-chested white-eye |
| PELECANIFORMES | | | | |
| Fregatidae | | | | Frigatebirds |
| | Fregata andrewsi (I) | | | Christmas frigatebird |
| Pelecanidae | | | | Pelicans |
| | Pelecanus crispus (I) | | | Dalmatian pelican |
| Sulidae | | | | Boobies |
| | Papasula abbotti (I) | | | Abbott’s booby |
| PICIFORMES | | | | |
| Capitonidae | | | | Barbets |
| | | | Semnornis ramphastinus (III Colombia) | Toucan barbet |
| Picidae | | | | Woodpeckers |
| | Dryocopus javensis richardsi (I) | | | Tristram’s woodpecker |
| Ramphastidae | | | | Toucans |
| | | | Baillonius bailloni (III Argentina) | Saffron toucanet |
| | | Pteroglossus aracari (II) | | Black-necked aracari |
| | | | Pteroglossus castanotis (III Argentina) | Chestnut-eared aracari |
| | | Pteroglossus viridis (II) | | Green aracari |
| | | | Ramphastos dicolorus (III Argentina) | Red-breasted toucan |
| | | Ramphastos sulfuratus (II) | | Keel-billed toucan |
| | | Ramphastos toco (II) | | Toco toucan |
| | | Ramphastos tucanus (II) | | Red-billed toucan |
| | | Ramphastos vitellinus (II) | | Channel-billed toucan |
| | | | Selenidera maculirostris (III Argentina) | Spot-billed toucanet |
| PODICIPEDIFORMES | | | | |
| Podicipedidae | | | | Grebes |
| | Podilymbus gigas (I) | | | Atitlan Grebe |
| PROCELLARIIFORMES | | | | |
| Diomedeidae | | | | Albatrosses |
| | | Phoebastria albatrus (II) | | Short-tailed albatross |
| PSITTACIFORMES | | | | Cockatoos, lories, macaws, parakeets, parrots etc. |
| | | PSITTACIFORMES spp. (II)
  (Except for the species included in Annex A and excluding Agapornis roseicollis, Melopsittacus undulatus, Nymphicus hollandicus and Psittacula krameri, which are not included in the Annexes to this Regulation) | | Parrots, etc. |
| Cacatuidae | | | | Cockatoos |
| | Cacatua goffiniana (I) | | | Tanimbar cockatoo |
| | Cacatua haematuropygia (I) | | | Philippine cockatoo |
| | Cacatua moluccensis (I) | | | Salmon-crested cockatoo |
| | Cacatua sulphurea (I) | | | Yellow-crested cockatoo |
| | Probosciger aterrimus (I) | | | Palm cockatoo |
| Loriidae | | | | Lories, lorikeets |
| | Eos histrio (I) | | | Red and blue lory |
| | Vini spp. (I/II) (Vini ultramarina is listed in Appendix I, the other species are listed in Appendix II) | | | Blue lorikeets |
| Psittacidae | | | | Amazons, macaws, parakeets, parrots |
| | Amazona arausiaca (I) | | | Red-necked parrot |
| | Amazona auropalliata (I) | | | Yellow-naped parrot |
| | Amazona barbadensis (I) | | | Yellow-shouldered parrot |
| | Amazona brasiliensis (I) | | | Red-tailed parrot |
| | Amazona finschi (I) | | | Lilac-crowned parrot |
| | Amazona guildingii (I) | | | St Vincent parrot |
| | Amazona imperialis (I) | | | Imperial parrot |
| | Amazona leucocephala (I) | | | Cuban parrot |
| | Amazona oratrix (I) | | | Yellow-headed parrot |
| | Amazona pretrei (I) | | | Red-spectacled parrot |
| | Amazona rhodocorytha (I) | | | Red-browed parrot |
| | Amazona tucumana (I) | | | Tucuman parrot |
| | Amazona versicolor (I) | | | Saint Lucia parrot |
| | Amazona vinacea (I) | | | Vinaceous parrot |
| | Amazona viridigenalis (I) | | | Green-cheeked parrot |
| | Amazona vittata (I) | | | Puerto Rican parrot |
| | Anodorhynchus spp. (I) | | | Blue macaws |
| | Ara ambiguus (I) | | | Great green macaw |
| | Ara glaucogularis (I) | | | Blue-throated macaw |
| | Ara macao (I) | | | Scarlet macaw |
| | Ara militaris (I) | | | Military macaw |
| | Ara rubrogenys (I) | | | Red-fronted macaw |
| | Cyanopsitta spixii (I) | | | Spix’s macaw |
| | Cyanoramphus cookii (I) | | | Norfolk Island parakeet |
| | Cyanoramphus forbesi (I) | | | Chatham Island yellow-fronted parakeet |
| | Cyanoramphus novaezelandiae (I) | | | Red-fronted parakeet |
| | Cyanoramphus saisseti (I) | | | Red-crowned parakeet |
| | Cyclopsitta diophthalma coxeni (I) | | | Coxen’s double-eyed fig parrot |
| | Eunymphicus cornutus (I) | | | Horned parakeet |
| | Guarouba guarouba (I) | | | Golden parakeet |
| | Neophema chrysogaster (I) | | | Orange-bellied parrot |
| | Ognorhynchus icterotis (I) | | | Yellow-eared parrot |
| | Pezoporus flaviventris (I) | | | Western ground parrot |
| | Pezoporus occidentalis (I) | | | Night parrot |
| | Pezoporus wallicus (I) | | | Ground parrot |
| | Pionopsitta pileata (I) | | | Pileated parrot |
| | Primolius couloni (I) | | | Blue-headed macaw |
| | Primolius maracana (I) | | | Blue-winged macaw |
| | Psephotellus chrysopterygius (I) | | | Golden-shouldered parrot |
| | Psephotellus dissimilis (I) | | | Hooded parrot |
| | Psephotellus pulcherrimus (I) | | | Paradise parrot |
| | Psittacula echo (I) | | | Mauritius parakeet |
| | Psittacus erithacus (I) | | | African grey parrot |
| | Pyrrhura cruentata (I) | | | Blue-throated parakeet |
| | Rhynchopsitta spp. (I) | | | Thick-billed parrots |
| | Strigops habroptilus (I) | | | Kakapo |
| RHEIFORMES | | | | |
| Rheidae | | | | Rheas |
| | Pterocnemia pennata (I) (Except Pterocnemia pennata pennata which is included in Annex B) | | | Lesser rhea |
| | | Pterocnemia pennata pennata (II) | | Lesser rhea |
| | | Rhea americana (II) | | Greater rhea |
| SPHENISCIFORMES | | | | |
| Spheniscidae | | | | Penguins |
| | | Spheniscus demersus (II) | | Jackass penguin |
| | Spheniscus humboldti (I) | | | Humboldt penguin |
| STRIGIFORMES | | | | Owls |
| | | STRIGIFORMES spp. (II) (Except for the species included in Annex A and except for Sceloglaux albifacies) | | Owls |
| Strigidae | | | | Owls |
| | Aegolius funereus (II) | | | Boreal owl |
| | Asio flammeus (II) | | | Short-eared owl |
| | Asio otus (II) | | | Long-eared owl |
| | Athene noctua (II) | | | Little owl |
| | Bubo bubo (II) (Except for Bubo bubo bengalensis which is included in Annex B) | | | Eurasian eagle-owl |
| | Glaucidium passerinum (II) | | | Eurasian pygmy-owl |
| | Heteroglaux blewitti (I) | | | Forest owlet |
| | Mimizuku gurneyi (I) | | | Lesser eagle-owl |
| | Ninox natalis (I) | | | Christmas hawk-owl |
| | Nyctea scandiaca (II) | | | Snowy owl |
| | Otus ireneae (II) | | | Sokoke scops-owl |
| | Otus scops (II) | | | Eurasian scops-owl |
| | Strix aluco (II) | | | Tawny owl |
| | Strix nebulosa (II) | | | Great grey owl |
| | Strix uralensis (II) (Except for Strix uralensis davidi which is included in Annex B) | | | Ural owl |
| | Surnia ulula (II) | | | Northern hawk owl |
| Tytonidae | | | | Barn owls |
| | Tyto alba (II) | | | Barn owl |
| | Tyto soumagnei (I) | | | Soumagne’s owl |
| STRUTHIONIFORMES | | | | |
| Struthionidae | | | | Ostrich |
| | Struthio camelus (I) (Only the populations of Algeria, Burkina Faso, Cameroon, the Central African Republic, Chad, Mali, Mauritania, Morocco, the Niger, Nigeria, Senegal and the Sudan; all other populations are not included in the Annexes to this Regulation) | | | Ostrich |
| TINAMIFORMES | | | | |
| Tinamidae | | | | Tinamous |
| | Tinamus solitarius (I) | | | Solitary tinamou |
| TROGONIFORMES | | | | |
| Trogonidae | | | | Quetzals |
| | Pharomachrus mocinno (I) | | | Resplendent quetzal |
| REPTILIA | | | | Reptiles |
| CROCODYLIA | | | | Alligators, caimans, crocodiles |
| | | CROCODYLIA spp. (II) (Except for the species included in Annex A) | | Alligators, caimans, crocodiles |
| Alligatoridae | | | | Alligators, caimans |
| | Alligator sinensis (I) | | | Chinese alligator |
| | Caiman crocodilus apaporiensis (I) | | | Rio Apaporis spectacled caiman |
| | Caiman latirostris (I) (Except for the population of Argentina, which is included in Annex B, and the population of Brazil, which is included in Annex B subject to a zero annual export quota for wild specimens traded for commercial purposes) | | | Broad-nosed caiman |
| | Melanosuchus niger (I) (Except for the population of Brazil, which is included in Annex B, and population of Ecuador, which is included in Annex B and is subject to a zero annual export quota until an annual export quota has been approved by the CITES Secretariat and the IUCN/SSC Crocodile Specialist Group) | | | Black caiman |
| Crocodylidae | | | | Crocodiles |
| | Crocodylus acutus (I) (Except for the population of the Integrated Management District of Mangroves of the Bay of Cispata, Tinajones, La Balsa and Surrounding Areas, Department of Córdoba, Colombia, and the population of Cuba, which are included in Annex B, and the population of Mexico, which is included in Annex B and is subject to a zero export quota for wild specimens for commercial purposes) | | | American crocodile |
| | Crocodylus cataphractus (I) | | | African slender-snouted crocodile |
| | Crocodylus intermedius (I) | | | Orinoco crocodile |
| | Crocodylus mindorensis (I) | | | Philippine crocodile |
| | Crocodylus moreletii (I) (Except for the population of Belize, which is included in Annex B with a zero quota for wild specimens traded for commercial purposes, and the population of Mexico, which is included in Annex B) | | | Morelet’s crocodile |
| | Crocodylus niloticus (I) (Except for the populations of Botswana, Egypt [subject to a zero quota for wild specimens traded for commercial purposes], Ethiopia, Kenya, Madagascar, Malawi, Mozambique, Namibia, South Africa, Uganda, the United Republic of Tanzania [subject to an annual export quota of no more than 1600 wild specimens including hunting trophies, in addition to ranched specimens], Zambia and Zimbabwe; these populations are included in Annex B) | | | Nile crocodile |
| | Crocodylus palustris (I) | | | Mugger crocodile |
| | Crocodylus porosus (I) (Except for the populations of Australia, Indonesia, Malaysia [wild harvest restricted to the State of Sarawak and a zero quota for wild specimens for the other States of Malaysia (Sabah and Peninsular Malaysia), with no change in the zero quota unless approved by the CITES Parties], Papua New Guinea, and the Philippines [population of the Palawan Islands only, subject to a zero annual export quota for wild specimens traded for commercial purposes] which are included in Annex B) | | | Estuarine crocodile |
| | Crocodylus rhombifer (I) | | | Cuban crocodile |
| | Crocodylus siamensis (I) | | | Siamese crocodile |
| | Osteolaemus tetraspis (I) | | | West African dwarf crocodile |
| | Tomistoma schlegelii (I) | | | False gharial |
| Gavialidae | | | | Gavial or gharial |
| | Gavialis gangeticus (I) | | | Gharial |
| RHYNCHOCEPHALIA | | | | |
| Sphenodontidae | | | | Tuataras |
| | Sphenodon spp. (I) | | | Tuataras |
| SAURIA | | | | |
| Agamidae | | | | Spiny-tailed lizards (Agamas, mastigures) |
| | | | Calotes ceylonensis (III Sri Lanka) | Painted-lip lizard |
| | | | Calotes desilvai (III Sri Lanka) | Desilvas’ whistling lizard |
| | | | Calotes liocephalus (III Sri Lanka) | Crestless lizard |
| | | | Calotes liolepis (III Sri Lanka) | Whistling lizard |
| | | | Calotes manamendrai (III Sri Lanka) | Manamendra-Arachchi’s whistling lizard |
| | | | Calotes nigrilabris (III Sri Lanka) | Black-cheek lizard |
| | | | Calotes pethiyagodai (III Sri Lanka) | Pethiyagoda’s crestless lizard |
| | | Ceratophora aspera (II) (Zero export quota for wild specimens for commercial purposes) | | Rough-nosed horned lizard |
| | Ceratophora erdeleni (I) | | | Erdelen’s horned lizard |
| | Ceratophora karu (I) | | | Karu’s (horned) lizard |
| | | Ceratophora stoddartii (II) (Zero export quota for wild specimens for commercial purposes) | | Rhino – horned lizard |
| | Ceratophora tennentii (I) | | | Tennent’s leaf – nosed lizard |
| | Cophotis ceylanica (I) | | | Pygmy lizards |
| | Cophotis dumbara (I) | | | Knuckles pygmy lizard |
| | | | Ctenophorus spp. (III Australia) | |
| | | | Intellagama spp. (III Australia) | Water dragons |
| | | Lyriocephalus scutatus (II) (Zero export quota for wild specimens for commercial purposes) | | Hump-nosed lizard |
| | | Physignathus cocincinus (II) | | Chinese water dragon |
| | | Saara spp. (II) | | |
| | | | Tympanocryptis spp. (III Australia) | Earless dragons |
| | | Uromastyx spp. (II) | | Spiny-tailed lizards |
| Anguidae | | | | Alligator lizards |
| | | Abronia spp. (II) (except for the species included in Annex A. A zero export quota has been established for wild specimens for Abronia aurita, A. gaiophantasma, A. montecristoi, A. salvadorensis and A. vasconcelosii) | | Alligator lizards |
| | Abronia anzuetoi (I) | | | |
| | Abronia campbelli (I) | | | |
| | Abronia fimbriata (I) | | | |
| | Abronia frosti (I) | | | |
| | Abronia meledona (I) | | | |
| Chamaeleonidae | | | | Chameleons |
| | | Archaius spp. (II) | | |
| | | Bradypodion spp. (II) | | Dwarf chameleons |
| | | Brookesia spp. (II) (Except for the species included in Annex A) | | Dwarf chameleons |
| | Brookesia perarmata (I) | | | Dwarf spiny chameleon |
| | | Calumma spp. (II) | | Madagascar chameleons |
| | | Chamaeleo spp. (II) (Except for the species included in Annex A) | | Chameleons |
| | Chamaeleo chamaeleon (II) | | | European chameleon |
| | | Furcifer spp. (II) | | Madagascar chameleons |
| | | Kinyongia spp. (II) | | Dwarf chameleons |
| | | Nadzikambia spp. (II) | | Dwarf chameleons |
| | | Palleon spp. (II) | | |
| | | Rhampholeon spp. (II) | | Pygmy chamaeleons |
| | | Rieppeleon spp. (II) | | Pygmy chamaeleons |
| | | Trioceros spp. (II) | | |
| Cordylidae | | | | Spiny-tailed lizards |
| | | Cordylus spp. (II) | | Girdled lizards |
| | | Hemicordylus spp. (II) | | |
| | | Karusaurus spp. (II) | | |
| | | Namazonurus spp. (II) | | |
| | | Ninurta spp. (II) | | |
| | | Ouroborus spp. (II) | | |
| | | Pseudocordylus spp. (II) | | |
| | | Smaug spp. (II) | | |
| Eublepharidae | | Goniurosaurus spp. (II) (except the species native to Japan) | | Tiger geckos |
| | | | Goniurosaurus kuroiwae #18 (III Japan) | Kuroiwa’s eyelid gecko |
| | | | Goniurosaurus orientalis #18 (III Japan) | Spotted ground gecko |
| | | | Goniurosaurus sengokui #18 (III Japan) | Sengoku’s gecko |
| | | | Goniurosaurus splendens #18 (III Japan) | |
| | | | Goniurosaurus toyamai #18 (III Japan) | Iheyajima leopard gecko |
| | | | Goniurosaurus yamashinae #18 (III Japan) | Yamashina’s leopard gecko |
| Gekkonidae | | | | Geckos |
| | | | Carphodactylus spp. (III Australia) | Chamaeleon geckos |
| | Cnemaspis psychedelica (I) | | | Psychedelic rock gecko |
| | | Cyrtodactylus jeyporensis (II) | | Jeypore Indian gecko |
| | | | Dactylocnemis spp. (III New Zealand) | |
| | | Gekko gecko (II) | | Tokay gecko |
| | Gonatodes daudini (I) | | | Grenadines clawed gecko |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | Hoplodactylus spp. (III New Zealand) | Sticky-toed geckos |
| | Lygodactylus williamsi (I) | | | Turquoise dwarf gecko |
| | | | Mokopirirakau spp. (III New Zealand) | |
| | | Nactus serpensinsula (II) | | Serpent Island gecko |
| | | Naultinus spp. (II) | | New Zealand tree geckos |
| | | | Nephrurus spp. (III Australia) | Knob-tailed geckos |
| | | | Orraya spp. (III Australia) | |
| | | Paroedura androyensis (II) | | Grandidier’s Madagascar ground gecko |
| | | Paroedura masobe (II) | | Masobe gecko |
| | | Phelsuma spp. (II) (Except for the species included in Annex A) | | Day geckos |
| | Phelsuma guentheri (II) | | | Round Island day gecko |
| | | | Phyllurus spp. (III Australia) | Leaf-tailed geckos |
| | | Rhoptropella spp. (II) | | |
| | | | Saltuarius spp. (III Australia) | Leaf-tailed geckos |
| | | | Sphaerodactylus armasi (III Cuba) | Guantanamo least gecko |
| | | | Sphaerodactylus celicara (III Cuba) | Baracoan eyespot sphaero |
| | | | Sphaerodactylus dimorphicus (III Cuba) | |
| | | | Sphaerodactylus intermedius (III Cuba) | Mantanzas least gecko |
| | | | Sphaerodactylus nigropunctatus alayoi (III Cuba) | |
| | | | Sphaerodactylus nigropunctatus granti (III Cuba) | |
| | | | Sphaerodactylus nigropunctatus lissodesmus (III Cuba) | |
| | | | Sphaerodactylus nigropunctatus ocujal (III Cuba) | |
| | | | Sphaerodactylus nigropunctatus strategus (III Cuba) | |
| | | | Sphaerodactylus notatus atactus (III Cuba) | |
| | | | Sphaerodactylus oliveri (III Cuba) | Juventud least gecko |
| | | | Sphaerodactylus pimienta (III Cuba) | Pepper sphaero |
| | | | Sphaerodactylus ruibali (III Cuba) | Ruibal’s least gecko |
| | | | Sphaerodactylus siboney (III Cuba) | |
| | | | Sphaerodactylus torrei (III Cuba) | Barbour’s least gecko |
| | | | Strophurus spp. (III Australia) | Spiny-tailed geckos |
| | | Tarentola chazaliae (II) | | Helmethead gecko |
| | | | Toropuku spp. (III New Zealand) | |
| | | | Tukutuku spp. (III New Zealand) | |
| | | | Underwoodisaurus spp. (III Australia) | Thick-tailed geckos |
| | | Uroplatus spp. (II) | | Flat-tailed geckos |
| | | | Uvidicolus spp. (III Australia) | Thick-tailed geckos |
| | | | Woodworthia spp. (III New Zealand) | |
| Helodermatidae | | | | Gila monster and beaded lizards |
| | | Heloderma spp. (II) (Except for the subspecies included in Annex A) | | Gila monster and beaded lizards |
| | Heloderma horridum charlesbogerti (I) | | | Guatemalan beaded lizard |
| Iguanidae | | | | Iguanas |
| | | Amblyrhynchus cristatus (II) | | Galapagos marine iguana |
| | Brachylophus spp. (I) | | | Fiji iguanas |
| | | Conolophus spp. (II) | | Galapagos land iguanas |
| | | Ctenosaura spp. (II) | | Spiny-tailed iguanas |
| | Cyclura spp. (I) | | | Ground iguanas |
| | | Iguana spp. (II) | | Iguanas |
| | Sauromalus varius (I) | | | San Esteban Island chuckwalla |
| Lacertidae | | | | Lizards |
| | Gallotia simonyi (I) | | | Hierro giant lizard |
| | Podarcis lilfordi (II) | | | Lilford’s wall lizard |
| | Podarcis pityusensis (II) | | | Ibiza wall lizard |
| Lanthanotidae | | | | |
| | | Lanthanotidae spp. (II) (A zero export quota has been established for wild specimens for commercial trade) | | Earless monitor lizards |
| Phrynosomatidae | | | | |
| | | Phrynosoma spp. (II) | | Horned lizards |
| Polychrotidae | | | | Anoles |
| | | | Anolis agueroi (III Cuba) | |
| | | | Anolis baracoae (III Cuba) | |
| | | | Anolis barbatus (III Cuba) | |
| | | | Anolis chamaeleonides (III Cuba) | |
| | | | Anolis equestris (III Cuba) | |
| | | | Anolis guamuhaya (III Cuba) | |
| | | | Anolis luteogularis (III Cuba) | |
| | | | Anolis pigmaequestris (III Cuba) | |
| | | | Anolis porcus (III Cuba) | |
| Scincidae | | | | Skinks |
| | | Corucia zebrata (II) | | Prehensile-tailed skink |
| | | | Egernia spp. (III Australia) | |
| | Tiliqua adelaidensis (I) | | | Pygmy blue-tongue lizard |
| | | | Tiliqua multifasciata (III Australia) | Centralian blue-tongued lizard |
| | | | Tiliqua nigrolutea (III Australia) | Blotched blue-tongued lizard |
| | | | Tiliqua occipitalis (III Australia) | Western blue-tongued lizard |
| | | | Tiliqua rugosa (III Australia) | Shingleback lizard |
| | | | Tiliqua scincoides intermedia (III Australia) | Eastern blue-tongued lizard |
| | | | Tiliqua scincoides scincoides (III Australia) | Eastern blue-tongued lizard |
| Teiidae | | | | Caiman lizards, tegu lizards |
| | | Crocodilurus amazonicus (II) | | Dragon lizard |
| | | Dracaena spp. (II) | | Caiman lizards |
| | | Salvator spp. (II) | | |
| | | Tupinambis spp. (II) | | Tegus |
| Varanidae | | | | Monitor lizards |
| | | Varanus spp. (II) (Except for the species included in Annex A) | | Monitor lizards |
| | Varanus bengalensis (I) | | | Indian monitor |
| | Varanus flavescens (I) | | | Yellow monitor |
| | Varanus griseus (I) | | | Desert monitor |
| | Varanus komodoensis (I) | | | Komodo dragon |
| | Varanus nebulosus (I) | | | Clouded monitor |
| | Varanus olivaceus (II) | | | Gray’s monitor |
| Xenosauridae | | | | Chinese crocodile lizard |
| | Shinisaurus crocodilurus (I) | | | Chinese crocodile lizard |
| SERPENTES | | | | Snakes |
| Boidae | | | | Boas |
| | | Boidae spp. (II) (Except for the species included in Annex A) | | Boas |
| | Acrantophis spp. (I) | | | Madagascar ground boas |
| | Boa constrictor occidentalis (I) | | | Argentine boa constrictor |
| | Chilabothrus monensis (I) | | | Virgin Island tree boa |
| | Chilabothrus subflavus (I) | | | Jamaican boa |
| | Eryx jaculus (II) | | | Spotted sand boa |
| | Sanzinia madagascariensis (I) | | | Madagascar tree boa |
| Bolyeriidae | | | | Round Island boas |
| | | Bolyeriidae spp. (II) (Except for the species included in Annex A) | | Round Island boas |
| | Bolyeria multocarinata (I) | | | Round Island boa |
| | Casarea dussumieri (I) | | | Round Island keel-scaled boa |
| Colubridae | | | | Typical snakes, water snakes, whip snakes |
| | | | Atretium schistosum (III India) | Olive keel-back |
| | | | Cerberus rynchops (III India) | Dog-faced water snake |
| | | Clelia clelia (II) | | Mussurana |
| | | Cyclagras gigas (II) | | False cobra |
| | | Elachistodon westermanni (II) | | Indian egg-eating snake |
| | | Ptyas mucosus (II) | | Common rat snake |
| | | | Xenochrophis piscator (III India) | Checkered keel-back |
| | | | Xenochrophis schnurrenbergeri (III India) | |
| | | | Xenochrophis tytleri (III India) | |
| Elapidae | | | | Cobras, coral snakes |
| | | Hoplocephalus bungaroides (II) | | Broad-headed snake |
| | | | Micrurus diastema (III Honduras) | Atlantic coral snake |
| | | | Micrurus nigrocinctus (III Honduras) | Central American coral snake |
| | | | Micrurus ruatanus (III Honduras) | |
| | | Naja atra (II) | | Chinese spitting cobra |
| | | Naja kaouthia (II) | | Monocellate cobra |
| | | Naja mandalayensis (II) | | Burmese spitting cobra |
| | | Naja naja (II) | | Indian cobra |
| | | Naja oxiana (II) | | Central Asian cobra |
| | | Naja philippinensis (II) | | North Philippine spitting cobra |
| | | Naja sagittifera (II) | | Andaman cobra |
| | | Naja samarensis (II) | | South-east Philippine spitting cobra |
| | | Naja siamensis (II) | | Indochinese spitting cobra |
| | | Naja sputatrix (II) | | South Indonesian spitting cobra |
| | | Naja sumatrana (II) | | Golden spitting cobra |
| | | Ophiophagus hannah (II) | | King cobra |
| Loxocemidae | | | | Mexican dwarf boa |
| | | Loxocemidae spp. (II) | | Mexican dwarf boa |
| Pythonidae | | | | Pythons |
| | | Pythonidae spp. (II) (Except for the species included in Annex A) | | Pythons |
| | Python molurus (I) | | | Indian python |
| Tropidophiidae | | | | Wood boas |
| | | Tropidophiidae spp. (II) | | Wood boas |
| Viperidae | | | | Vipers |
| | | Atheris desaixi (II) | | Mt. Kenya bush viper |
| | | Bitis worthingtoni (II) | | Kenya horned viper |
| | | | Crotalus durissus (III Honduras) (Except for the subspecies which is listed in Annex B) | Neotropical rattlesnake |
| | | Crotalus durissus unicolor | | Aruba rattlesnake |
| | | | Daboia palaestinae (III Israel)
  (this inclusion shall enter into effect on 4 May 2023) | Palestine viper |
| | | | Daboia russelii (III India) | Russell’s viper |
| | | Montivipera wagneri (II) | | Wagner’s viper |
| | | Protobothrops mangshanensis (II) | | Mangshan pit-viper |
| | | Pseudocerastes urarachnoides (II) | | Spider-tailed horned viper |
| | Vipera latifii | | | Latifi’s viper |
| | Vipera ursinii (I) (Only the population of Europe, except the area which formerly constituted the USSR; these latter populations are not included in the Annexes to this Regulation) | | | Orsini’s viper |
| TESTUDINES | | | | |
| Carettochelyidae | | | | Pig-nosed turtles |
| | | Carettochelys insculpta (II) | | Pig-nosed turtle |
| Chelidae | | | | Austro-American sideneck turtles |
| | | Chelodina mccordi (II) (A zero annual export quota has been established for specimens removed from the wild) | | Roti snake-necked turtle |
| | | Chelus fimbriatus (II) (includes Chelus orinocensis) | | Matamata turtle |
| | Pseudemydura umbrina (I) | | | Western swamp turtle |
| Cheloniidae | | | | Sea turtles |
| | Cheloniidae spp. (I) | | | Sea turtles |
| Chelydridae | | | | Snapping turtles |
| | | Chelydra serpentina (II) | | Common snapping turtle |
| | | Macrochelys temminckii (II) | | Alligator snapping turtle |
| Dermatemydidae | | | | Central American river turtle |
| | | Dermatemys mawii (II) | | Central American river turtle |
| Dermochelyidae | | | | Leatherback turtle |
| | Dermochelys coriacea (I) | | | Leatherback turtle |
| Emydidae | | | | Box turtles, freshwater turtles |
| | | Chrysemys picta (Only live specimens) | | Painted turtle |
| | | Clemmys guttata (II) | | Spotted turtle |
| | | Emydoidea blandingii (II) | | Blanding’s turtle |
| | | | Emys orbicularis (III Ukraine) (population of Ukraine) | European pond turtle |
| | | Glyptemys insculpta (II) | | Wood turtle |
| | Glyptemys muhlenbergii (I) | | | Bog turtle |
| | | | Graptemys spp. (III United States of America) (Except for the species included in Annex B) | Map turtles |
| | | Graptemys barbouri (II) | | Barbour’s map turtle |
| | | Graptemys ernsti (II) | | Escambia map turtle |
| | | Graptemys gibbonsi (II) | | Pascagoula map turtle |
| | | Graptemys pearlensis (II) | | Pearl River map turtle |
| | | Graptemys pulchra (II) | | Alabama map turtle |
| | | Malaclemys terrapin (II) | | Diamondback terrapin |
| | | Terrapene spp. (II) (Except for the species included in Annex A) | | Box turtles |
| | Terrapene coahuila (I) | | | Aquatic box turtle |
| Geoemydidae | | | | |
| | Batagur affinis (I) | | | Southern river terrapin |
| | Batagur baska (I) | | | Batagur |
| | | Batagur borneoensis (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes) | | |
| | | Batagur dhongoka (II) | | |
| | Batagur kachuga (I) | | | |
| | | Batagur trivittata (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes) | | |
| | | Cuora spp. (II) (Except the species included in Annex A, a zero annual export quota has been established for Cuora aurocapitata, C. flavomarginata, C. mccordi, C. mouhotii, C. pani, C. trifasciata, C. yunnanensis and C. zhoui for specimens removed from the wild and traded for commercial purposes) | | Asian box turtles |
| | Cuora bourreti (I) | | | Bourret’s box turtle |
| | Cuora galbinifrons (I) | | | Indochinese box turtle |
| | Cuora picturata (I) | | | Southern Vietnamese box turtle |
| | | Cyclemys spp. (II) | | Asian leaf turtles |
| | Geoclemys hamiltonii (I) | | | Black pond turtle |
| | | Geoemyda japonica (II) | | Ryukyu black-breasted leaf turtle |
| | | Geoemyda spengleri (II) | | Black-breasted leaf turtle |
| | | Hardella thurjii (II) | | Crowned river turtle |
| | | Heosemys annandalii (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes) | | Yellow-headed temple turtle |
| | | Heosemys depressa (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes) | | Arakan forest turtle |
| | | Heosemys grandis (II) | | Giant Asian turtle |
| | | Heosemys spinosa (II) | | Spiny turtle |
| | | Leucocephalon yuwonoi (II) | | Sulawesi forest turtle |
| | | Malayemys khoratensis (II) | | Khorat snail-eating turtle |
| | | Malayemys macrocephala (II) | | Snail-eating turtle |
| | | Malayemys subtrijuga (II) | | Ricefield turtle |
| | Mauremys annamensis (I) | | | Annam pond turtle |
| | | | Mauremys iversoni (III China) | Fujian pond turtle |
| | | | | |
| | | Mauremys japonica (II) | | Japanese pond turtle |
| | | | Mauremys megalocephala (III China) | Big-headed pond turtle |
| | | Mauremys mutica (II) | | Yellow pond turtle |
| | | Mauremys nigricans (II) | | Red-necked pond turtle |
| | | | Mauremys pritchardi (III China) | Pritchard’s pond turtle |
| | | | Mauremys reevesii (III China) | Reeves’s turtle |
| | | | Mauremys sinensis (III China) | Chinese stripe-necked turtle |
| | Melanochelys tricarinata (I) | | | Three-keeled land tortoise |
| | | Melanochelys trijuga (II) | | Indian black turtle |
| | Morenia ocellata (I) | | | Burmese swamp turtle |
| | | Morenia petersi (II) | | Indian eyed turtle |
| | | Notochelys platynota (II) | | Malayan flat-shelled turtle |
| | | | Ocadia glyphistoma (III China) | Notch-mouthed stripe-necked turtle |
| | | | Ocadia philippeni (III China) | Philippen’s stripe-necked turtle |
| | | Orlitia borneensis (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes) | | Malayan giant turtle |
| | | Pangshura spp. (II) (Except for the species included in Annex A) | | Roofed turtles |
| | Pangshura tecta (I) | | | Indian roofed turtle |
| | | Rhinoclemmys spp. (II) | | Neotropical wood turtles |
| | | Sacalia bealei (II) | | Beal’s eyed turtle |
| | | | Sacalia pseudocellata (III China) | Chinese false-eyed turtle |
| | | Sacalia quadriocellata (II) | | Four-eyed turtle |
| | | Siebenrockiella crassicollis (II) | | Black marsh turtle |
| | | Siebenrockiella leytensis (II) | | Philippine pond turtle |
| | | Vijayachelys silvatica (II) | | Cochin forest cane turtle |
| Kinosternidae | | | | |
| | | Claudius angustatus (II) | | Narrow-bridged musk turtle |
| | | Kinosternon spp. (II) (Except for the species included in Annex A) | | Mud turtles |
| | Kinosternon cora (I) | | | Cora mud turtle |
| | Kinosternon vogti (I) | | | Vallarta mud turtle |
| | | Staurotypus salvinii (II) | | Giant musk turtle |
| | | Staurotypus triporcatus (II) | | Mexican musk turtle |
| | | Sternotherus spp. (II) | | Musk turtles |
| Platysternidae | | | | Big-headed turtles |
| | Platysternidae spp. (I) | | | Big-headed turtles |
| Podocnemididae | | | | Afro-American sideneck turtles |
| | | Erymnochelys madagascariensis (II) | | Madagascar sideneck turtle |
| | | Peltocephalus dumerilianus (II) | | Big-headed sideneck turtle |
| | | Podocnemis spp. (II) | | Sideneck turtles |
| Testudinidae | | | | Tortoises |
| | | Testudinidae spp. (II) (Except for the species included in Annex A; a zero annual export quota has been established for Centrochelys sulcata for specimens removed from the wild and traded for primarily commercial purposes) | | Tortoises |
| | Astrochelys radiata (I) | | | Radiated tortoise |
| | Astrochelys yniphora (I) | | | Angonoka |
| | Chelonoidis niger (I) | | | Galapagos giant tortoise |
| | Geochelone elegans (I) | | | Star tortoise |
| | Geochelone platynota (I) | | | Burmese star tortoise |
| | Gopherus flavomarginatus (I) | | | Bolson tortoise |
| | Malacochersus tornieri (I) | | | Pancake tortoise |
| | Psammobates geometricus (I) | | | Geometric tortoise |
| | Pyxis arachnoides (I) | | | Madagascar spider tortoise |
| | Pyxis planicauda (I) | | | Madagascar flat-shelled tortoise |
| | Testudo graeca (II) | | | Spur-thighed tortoise |
| | Testudo hermanni (II) | | | Hermann’s tortoise |
| | Testudo kleinmanni (I) | | | Egyptian tortoise |
| | Testudo marginata (II) | | | Marginated tortoise |
| Trionychidae | | | | Softshell turtles, terrapins |
| | | Amyda cartilaginea (II) | | Southeast Asian soft-shelled turtle |
| | | Apalone spp. (II) (Except for the subspecies included in Annex A) | | Softshell turtles |
| | Apalone spinifera atra (I) | | | Cuatro Cienagas soft-shell turtle |
| | | Chitra spp. (II) (Except for the species included in Annex A) | | Narrow-headed softshell turtles |
| | Chitra chitra (I) | | | Asian narrow-headed softshell |
| | Chitra vandijki (I) | | | Burmese narrow-headed softshell |
| | | Cyclanorbis elegans (II) | | Nubian flapshelll turtle |
| | | Cyclanorbis senegalensis (II) | | Senegal flapshell turtle |
| | | Cycloderma aubryi (II) | | Aubrys flapshelll turtle |
| | | Cycloderma frenatum (II) | | Zambezi flapshell turtle |
| | | Dogania subplana (II) | | Malayan soft-shelled turtle |
| | | Lissemys ceylonensis (II) | | Sri Lankan flapshell turtle |
| | | Lissemys punctata (II) | | Indo-Gangetic flapshell turtle |
| | | Lissemys scutata (II) | | Burmese flapshell turtle |
| | | Nilssonia formosa (II) | | Burmese peacock softshell |
| | Nilssonia gangetica (I) | | | Indian soft-shell turtle |
| | Nilssonia hurum (I) | | | Peacock soft-shell turtle |
| | Nilssonia leithii (I) | | | Leith’s softshell turtle |
| | Nilssonia nigricans (I) | | | Black soft-shell turtle |
| | | Palea steindachneri (II) | | Wattle-necked softshell turtle |
| | | Pelochelys spp. (II) | | Giant softshell turtles |
| | | Pelodiscus axenaria (II) | | Hunan softshell turtle |
| | | Pelodiscus maackii (II) | | Amur softshell turtle |
| | | Pelodiscus parviformis (II) | | Lesser Chinese softshell turtle |
| | | Rafetus euphraticus (II) | | Euphrates softshell turtle |
| | | Rafetus swinhoei (II) | | Yangtze softshell turtle |
| | | Trionyx triunguis (II) | | Nile softshell turtle |
| AMPHIBIA | | | | Amphibians |
| ANURA | | | | Frogs and toads |
| Aromobatidae | | | | Cryptic forest frogs |
| | | Allobates femoralis (II) | | Brilliant-thighed poison frog |
| | | Allobates hodli (II) | | |
| | | Allobates myersi (II) | | Myers’ poison frog |
| | | Allobates zaparo (II) | | Sanguine poison frog |
| | | Anomaloglossus rufulus (II) | | Chimanta poison frog |
| Bufonidae | | | | Toads |
| | Altiphrynoides spp. (I) | | | Malcolm’s Ethiopian toad |
| | Atelopus zeteki (I) | | | Golden frog |
| | Incilius periglenes (I) | | | Golden toad |
| | Nectophrynoides spp. (I) | | | African viviparous toads |
| | Nimbaphrynoides spp. (I) | | | Nimba toads |
| | Sclerophrys channingi (I) | | | Channing’s toad |
| | Sclerophrys superciliaris (I) | | | Cameroon toad |
| Calyptocephalellidae | | | | |
| | | | Calyptocephalella gayi (III Chile) | Chilean helmeted water toad |
| Centrolenidae | | | | Glass frogs |
| | | Centrolenidae spp. (II) | | |
| Conrauidae | | | | Frogs |
| | | Conraua goliath | | Goliath frog |
| Dendrobatidae | | | | Poison frogs |
| | | Adelphobates spp. (II) | | |
| | | Ameerega spp. (II) | | |
| | | Andinobates spp. (II) | | |
| | | Dendrobates spp. (II) | | Poison-arrow frogs |
| | | Epipedobates spp. (II) | | Poison-arrow frogs |
| | | Excidobates spp. (II) | | |
| | | Hyloxalus azureiventris (II) | | Sky-blue poison frog |
| | | Minyobates spp. (II) | | Demonic poison frogs |
| | | Oophaga spp. (II) | | |
| | | Paruwrobates andinus (II) | | |
| | | Paruwrobates erythromos (II) | | |
| | | Phyllobates spp. (II) | | Poison-arrow frogs |
| | | Ranitomeya spp. (II) | | |
| Dicroglossidae | | | | Frogs |
| | | Euphlyctis hexadactylus (II) | | Six-fingered frog |
| | | Hoplobatrachus tigerinus (II) | | Tiger frog |
| Hylidae | | | | Tree frogs |
| | | Agalychnis annae (II) | | Blue-sided leaf frog |
| | | Agalychnis callidryas (II) | | Red-eyed tree frog |
| | | Agalychnis lemur (II) (zero annual export quota for wild-taken specimens traded for commercial purposes) | | Lemur leaf frog |
| | | Agalychnis moreletii (II) | | Morelet’s leaf frog |
| | | Agalychnis saltator (II) | | Misfit leaf frog |
| | | Agalychnis spurrelli (II) | | Gliding leaf frog |
| | | Agalychnis terranova (II) | | |
| Mantellidae | | | | Mantella frogs |
| | | Mantella spp. (II) | | Mantella frogs |
| Microhylidae | | | | Tomato frogs |
| | | Dyscophus antongilii (II) | | Tomato frog |
| | | Dyscophus guineti (II) | | False tomato frog |
| | | Dyscophus insularis (II) | | Antsouhy tomato frog |
| | | Scaphiophryne boribory (II) | | Green marbled burrowing frog |
| | | Scaphiophryne gottlebei (II) | | Red rain frog |
| | | Scaphiophryne marmorata (II) | | Green marbled burrowing frog |
| | | Scaphiophryne spinosa (II) | | Green marbled burrowing frog |
| Myobatrachidae | | | | Gastric brooding frogs |
| | | Rheobatrachus spp. (II) (Except for Rheobatrachus silus and Rheobatrachus vitellinus which are not included in the Annexes) | | Gastric brooding frog |
| Telmatobiidae | | | | Water frogs |
| | Telmatobius culeus (I) | | | Titicaca water frog |
| CAUDATA | | | | |
| Ambystomatidae | | | | Axolotls |
| | | Ambystoma dumerilii (II) | | Lake Patzcuaro salamander |
| | | Ambystoma mexicanum (II) | | Axolotl |
| Cryptobranchidae | | | | Giant salamanders |
| | Andrias spp. (I) | | | Giant salamanders |
| | | | Cryptobranchus alleganiensis (III United States of America) | Hellbender |
| Hynobiidae | | | | Asiatic salamanders |
| | | | Hynobius amjiensis (III China) | |
| Salamandridae | | | | Salamanders and newts |
| | | | Echinotriton andersoni #18 (III Japan) | Anderson’s Newt |
| | | Echinotriton chinhaiensis (II) | | Chinhai spiny newt |
| | | Echinotriton maxiquadratus (II) | | Mountain spiny newt |
| | | Laotriton laoensis (II) (zero annual export quota for wild-taken specimens traded for commercial purposes) | | Lao warty newt |
| | Neurergus kaiseri (I) | | | Kaiser’s spotted newt |
| | | Paramesotriton spp. (II) | | Asian warty newts |
| | | | Salamandra algira (III Algeria) | |
| | | Tylototriton spp. (II) | | Crocodile newts |
| ELASMOBRANCHII | | | | Sharks and rays |
| CARCHARHINIFORMES | | | | |
| Carcharhinidae | | | | Requiem sharks |
| | | Carcharhinidae spp. (II) (this inclusion shall enter into effect on 25 November 2023) | | |
| | | Carcharhinus falciformis (II) (until 24 November 2023) | | Silky shark |
| | | Carcharhinus longimanus (II) (until 24 November 2023) | | Oceanic whitetip shark |
| Sphyrnidae | | | | Hammerhead sharks |
| | | Sphyrnidae spp. (II) | | |
| LAMNIFORMES | | | | |
| Alopiidae | | | | Thresher sharks |
| | | Alopias spp. (II) | | Thresher sharks |
| Cetorhinidae | | | | Basking sharks |
| | | Cetorhinus maximus (II) | | Basking shark |
| Lamnidae | | | | Mackerel sharks |
| | | Carcharodon carcharias (II) | | Great white shark |
| | | Isurus oxyrinchus (II) | | Shortfin mako |
| | | Isurus paucus (II) | | Longfin mako |
| | | Lamna nasus (II) | | Porbeagle |
| MYLIOBATIFORMES | | | | |
| Myliobatidae | | | | |
| | | Mobula spp. (II) | | Devil rays |
| Potamotrygonidae | | | | Freshwater stingrays |
| | | | Paratrygon aiereba (III Colombia) | Discus ray |
| | | Potamotrygon albimaculata (II) | | |
| | | | Potamotrygon spp. (III Brazil) (populations of Brazil) (those species not listed in Annex B) | |
| | | | Potamotrygon constellata (III Colombia) | Thorny river stingray |
| | | Potamotrygon henlei (II) | | Bigtooth river stingray |
| | | Potamotrygon jabuti (II) | | Black diamond stingray |
| | | Potamotrygon leopoldi (II) | | Xingu river ray |
| | | | Potamotrygon magdalenae (III Colombia) | Magdalena river stingray |
| | | Potamotrygon marquesi (II) | | |
| | | | Potamotrygon motoro (III Colombia) | Ocellate river stingray |
| | | | Potamotrygon orbignyi (III Colombia) | Smooth back river stingray |
| | | | Potamotrygon schroederi (III Colombia) | Rosette river stingray |
| | | | Potamotrygon scobina (III Colombia) | Raspy river stingray |
| | | Potamotrygon signata (II) | | Parnaiba river stingray |
| | | Potamotrygon wallacei (II) | | Cururu stingray |
| | | | Potamotrygon yepezi (III Colombia) | Maracaibo river stingray |
| ORECTOLOBIFORMES | | | | |
| Rhincodontidae | | | | Whale sharks |
| | | Rhincodon typus (II) | | Whale shark |
| RHINOPRISTIFORMES | | | | |
| Pristidae | | | | Sawfishes |
| | Pristidae spp. (I) | | | Sawfishes |
| Glaucostegidae | | | | Giant guitarfishes |
| | | Glaucostegus spp. (II) | | Giant guitarfish |
| Rhinidae | | | | Wedgefishes |
| | | Rhinidae spp. (II) | | Wedgefishes |
| Rhinobatidae | | | | |
| | | Rhinobatidae spp. (II) | | Guitarfish |
| ACTINOPTERI | | | | Fish |
| ACIPENSERIFORMES | | | | |
| | | ACIPENSERIFORMES spp. (II) (Except for the species included in Annex A) | | Sturgeons and paddlefish |
| Acipenseridae | | | | Sturgeons |
| | Acipenser brevirostrum (I) | | | Shortnose sturgeon |
| | Acipenser sturio (I) | | | Common sturgeon |
| ANGUILLIFORMES | | | | |
| Anguillidae | | | | Freshwater eels |
| | | Anguilla anguilla (II) | | European eel |
| CYPRINIFORMES | | | | |
| Catostomidae | | | | Cui-ui |
| | Chasmistes cujus (I) | | | Cui-ui |
| Cyprinidae | | | | Blind carps, plaeesok |
| | | Caecobarbus geertsii (II) | | African blind barb fish |
| | Probarbus jullieni (I) | | | Ikan temoleh |
| OSTEOGLOSSIFORMES | | | | Arapaimas, bonytongues |
| Arapaimidae | | | | |
| | | Arapaima gigas (II) | | Arapaima |
| Osteoglossidae | | | | Bonytongues |
| | Scleropages formosus (I) | | | Asian arowana |
| | Scleropages inscriptus (I) | | | |
| PERCIFORMES | | | | |
| Labridae | | | | Wrasses |
| | | Cheilinus undulatus (II) | | Humphead wrasse |
| Pomacanthidae | | | | |
| | | Holacanthus clarionensis (II) | | Clarion angelfish |
| | | | Holacanthus limbaughi (III France) | Clipperton angelfish |
| Sciaenidae | | | | Totoabas |
| | Totoaba macdonaldi (I) | | | Totoaba |
| SILURIFORMES | | | | |
| Pangasiidae | | | | Pangasid catfish |
| | Pangasianodon gigas (I) | | | Giant catfish |
| Loricariidae | | | | Armoured catfishes |
| | | Hypancistrus zebra (II) (with a zero export quota for wild specimens for commercial purposes) | | Zebra pleco |
| SYNGNATHIFORMES | | | | |
| Syngnathidae | | | | Pipefishes, seahorses |
| | | Hippocampus spp. (II) | | Seahorses |
| DIPNEUSTI | | | | Lungfishes |
| CERATODONTIFORMES | | | | |
| Neoceratodontidae | | | | Australian lungfishes |
| | | Neoceratodus forsteri (II) | | Australian lungfish |
| COELACANTHI | | | | Coelacanths |
| COELACANTHIFORMES | | | | |
| Latimeriidae | | | | Coelacanths |
| | Latimeria spp. (I) | | | Coelacanths |
| ECHINODERMATA (STARFISH, BRITTLE STARS, SEA URCHINS AND SEA CUCUMBERS) |
| HOLOTHUROIDEA | | | | Sea cucumbers |
| ASPIDOCHIROTIDA | | | | |
| Stichopodidae | | | | Sea cucumbers |
| | | | Isostichopus fuscus (III Ecuador) | Brown sea cucumber |
| | | Thelenota spp. (II) (This inclusion shall enter into effect on 25 May 2024) | | |
| HOLOTHURIIDA | | | | |
| Holothuriidae | | | | Teatfishes, sea cucumbers |
| | | Holothuria fuscogilva (II) | | Teatfísh |
| | | Holothuria nobilis (II) ( | | |
| | | Holothuria whitmaei (II) | | |
| ARTHROPODA (ARTHROPODS) |
| ARACHNIDA | | | | Spiders and scorpions |
| ARANEAE | | | | |
| Theraphosidae | | | | Red-kneed tarantulas, tarantulas |
| | | Aphonopelma pallidum (II) | | Chihuahua rose-grey tarantula |
| | | Brachypelma spp. (II) | | Central American tarantulas |
| | | | Caribena versicolor (III European Union) | Antilles pinktoe tarantula |
| | | Poecilotheria spp. (II) | | Ornamental spiders |
| | | Sericopelma angustum (II) | | |
| | | Sericopelma embrithes (II) | | |
| | | Tliltocatl spp. (II) | | North American tarantulas |
| SCORPIONES | | | | |
| Scorpionidae | | | | Scorpions |
| | | Pandinus camerounensis (II) | | |
| | | Pandinus dictator (II) | | |
| | | Pandinus gambiensis (II) | | Giant Senegalese scorpion |
| | | Pandinus imperator (II) | | Emperor scorpion |
| | | Pandinus roeseli (II) | | |
| INSECTA | | | | Insects |
| COLEOPTERA | | | | Beetles |
| Lucanidae | | | | Stag beetles |
| | | | Colophon spp. (III South Africa) | Cape stag beetles |
| Scarabaeidae | | | | Scarab beetles |
| | | Dynastes satanas (II) | | Satanas beetle |
| LEPIDOPTERA | | | | Butterflies |
| Nymphalidae | | | | |
| | | | Agrias amydon boliviensis (III Bolivia) | |
| | | | Morpho godartii lachaumei (III Bolivia) | |
| | | | Prepona praeneste buckleyana (III Bolivia) | |
| Papilionidae | | | | Birdwing and swallowtail butterflies |
| | Achillides chikae chikae (I) | | | Luzon peacock swallowtail |
| | Achillides chikae hermeli (I) | | | Mindoro peacock swallowtail |
| | | Atrophaneura jophon (II) | | Sri Lankan rose |
| | | Atrophaneura palu | | Palu swallowtail butterfly |
| | | Atrophaneura pandiyana (II) | | Malabar rose |
| | | Bhutanitis spp. (II) | | Swallowtail butterflies |
| | | Graphium sandawanum | | Apo swallowtail butterfly |
| | | Graphium stresemanni | | Seram swallowtail |
| | | Ornithoptera spp. (II) (Except for the species included in Annex A) | | Birdwing butterflies |
| | Ornithoptera alexandrae (I) | | | Queen Alexandra’s birdwing |
| | | Papilio benguetanus | | |
| | | Papilio esperanza | | |
| | Papilio homerus (I) | | | Homerus swallowtail |
| | Papilio hospiton (II) | | | Corsican swallowtail |
| | | Papilio morondavana | | Madagascan emperor swallowtail |
| | | Papilio neumoegeni | | |
| | | | Papilio phorbanta (III European Union) (This inclusion shall enter into effect on 21 May 2023.) | Small Réunion swallowtail |
| | | Parides ascanius | | Fluminense swallowtail butterfly |
| | | Parides hahneli | | Hahnel’s amazonian swallowtail butterfly |
| | Parides burchellanus (I) | | | Riverside swallowtail |
| | Parnassius apollo (II) | | | Mountain apollo |
| | | Teinopalpus spp. (II) | | Kaiser-I-Hind butterflies |
| | | Trogonoptera spp. (II) | | Birdwing butterflies |
| | | Troides spp. (II) | | Birdwing butterflies |
| ANNELIDA (SEGMENTED WORMS AND LEECHES) |
| HIRUDINOIDEA | | | | Leeches |
| ARHYNCHOBDELLIDA | | | | |
| Hirudinidae | | | | Leeches |
| | | Hirudo medicinalis (II) | | Northern medicinal leech |
| | | Hirudo verbana (II) | | Southern medicinal leech |
| MOLLUSCA (MOLLUSCS) |
| BIVALVIA | | | | Bivalve molluscs (clams, mussels etc.) |
| MYTILOIDA | | | | |
| Mytilidae | | | | Marine mussels |
| | | Lithophaga lithophaga (II) | | European date mussel |
| UNIONOIDA | | | | |
| Unionidae | | | | Freshwater mussels, pearly mussels |
| | Conradilla caelata (I) | | | Birdwing pearly mussel |
| | | Cyprogenia aberti (II) | | Western fanshell mussel |
| | Dromus dromas (I) | | | Dromedary pearly mussel |
| | Epioblasma curtisii (I) | | | Curtis’ pearly mussel |
| | Epioblasma florentina (I) | | | Yellow-blossom pearly mussel |
| | Epioblasma sampsonii (I) | | | Wabash riffleshell |
| | Epioblasma sulcata perobliqua (I) | | | White catspaw mussel |
| | Epioblasma torulosa gubernaculum (I) | | | Green-blossom pearly mussel |
| | | Epioblasma torulosa rangiana (II) | | Northern riffleshell |
| | Epioblasma torulosa torulosa (I) | | | Turbercled-blossom pearly mussel |
| | Epioblasma turgidula (I) | | | Turgid-blossom pearly mussel |
| | Epioblasma walkeri (I) | | | Tan riffleshell |
| | Fusconaia cuneolus (I) | | | Fine-rayed pigtoe pearly mussel |
| | Fusconaia edgariana (I) | | | Shiny pigtoe pearly mussel |
| | Lampsilis higginsii (I) | | | Higgins’ eye pearly mussel |
| | Lampsilis orbiculata orbiculata (I) | | | Pink mucket pearly mussel |
| | Lampsilis satur (I) | | | Sandback pocketbook mussel |
| | Lampsilis virescens (I) | | | Alabama lamp pearly mussel |
| | Plethobasus cicatricosus (I) | | | White warty-back pearly mussel |
| | Plethobasus cooperianus (I) | | | Orange-footed pimpleback mussel |
| | | Pleurobema clava (II) | | Clubshell pearly mussel |
| | Pleurobema plenum (I) | | | Rough pigtoe pearly mussel |
| | Potamilus capax (I) | | | Fat pocketbook pearly mussel |
| | Quadrula intermedia (I) | | | Cumberland monkey-face pearly mussel |
| | Quadrula sparsa (I) | | | Appalachian monkey-face pearly mussel |
| | Toxolasma cylindrella (I) | | | Pale lilliput pearly mussel |
| | Unio nickliniana (I) | | | Nicklin’s pearly mussel |
| | Unio tampicoensis tecomatensis (I) | | | Tampico pearly mussel |
| | Villosa trabalis (I) | | | Cumberland bean pearly mussel |
| VENEROIDA | | | | |
| Tridacnidae | | | | Giant clams |
| | | Tridacnidae spp. (II) | | Giant clams |
| CEPHALOPODA | | | | |
| NAUTILIDA | | | | |
| Nautilidae | | | | Nautilus |
| | | Nautilidae spp. (II) | | Nautilus |
| GASTROPODA | | | | Slugs, snails and conches |
| MESOGASTROPODA | | | | |
| Strombidae | | | | Conches |
| | | Strombus gigas (II) | | Queen conch |
| STYLOMMATOPHORA | | | | |
| Achatinellidae | | | | Agate snails, oahu tree snails |
| | Achatinella spp. (I) | | | Little agate shells |
| Camaenidae | | | | Green tree snail |
| | | Papustyla pulcherrima (II) | | Manus green tree snail |
| Cepolidae | | | | |
| | Polymita spp. (I) | | | Cuban landsnails |
| CNIDARIA (CORALS, FIRE CORALS, SEA ANEMONES) |
| ANTHOZOA | | | | Corals, sea anemones |
| ANTIPATHARIA | | | | |
| | | ANTIPATHARIA spp. (II) | | Black corals |
| GORGONACEAE | | | | |
| Coralliidae | | | | Red and pink corals |
| | | | Corallium elatius (III China) | |
| | | | Corallium japonicum (III China) | |
| | | | Corallium konjoi (III China) | |
| | | | Corallium secundum (III China) | |
| HELIOPORACEA | | | | |
| Helioporidae | | | | Blue coral |
| | | Helioporidae spp. (II) (Includes only the species Heliopora coerulea) (6) | | Blue coral |
| SCLERACTINIA | | | | |
| | | SCLERACTINIA spp. (II) (6) | | Stony corals |
| STOLONIFERA | | | | |
| Tubiporidae | | | | Organpipe corals |
| | | Tubiporidae spp. (II) (6) | | Organpipe corals |
| HYDROZOA | | | | Sea ferns, fire corals, stinging medusas |
| MILLEPORINA | | | | |
| Milleporidae | | | | Wello fire corals |
| | | Milleporidae spp. (II) (6) | | Wello fire corals |
| STYLASTERINA | | | | |
| Stylasteridae | | | | Lace corals |
| | | Stylasteridae spp. (II) (6) | | Lace corals |
| FLORA |
| AGAVACEAE | | | | Agaves |
| | Agave parviflora (I) | | | Santa Cruz striped agave |
| | | Agave victoriae-reginae (II) #4 | | Queen Victoria agave |
| | | Nolina interrata (II) | | Dehesa bear-grass |
| | | Yucca queretaroensis (II) | | Queretaro yucca |
| AIZOACEAE | | | | |
| | | | Conophytum spp. (III South Africa) | |
| | | | Mestoklema tuberosum (III South Africa) | |
| AMARYLLIDACEAE | | | | Amaryllids |
| | | Galanthus spp. (II) #4 | | Snowdrops |
| | | Sternbergia spp. (II) #4 | | Sternbergias |
| ANACARDIACEAE | | | | |
| | | Operculicarya decaryi (II) | | Jabihy |
| | | Operculicarya hyphaenoides (II) | | Jabihy |
| | | Operculicarya pachypus (II) | | Tabily |
| APOCYNACEAE | | | | |
| | | Hoodia spp. (II) #9 | | Hoodia |
| | | Pachypodium spp. (II) (Except for the species included in Annex A) #4 | | Elephant trunks |
| | Pachypodium ambongense (I) | | | |
| | Pachypodium baronii (I) | | | |
| | Pachypodium decaryi (I) | | | |
| | Pachypodium windsorii (I) | | | |
| | | | Raphionacme zeyheri (III South Africa) | |
| | | Rauvolfia serpentina (II) #2 | | Snake-root devil-pepper |
| ARALIACEAE | | | | Aralias |
| | | Panax ginseng (II) (Only the population of the Russian Federation; no other population is included in the Annexes to this Regulation) #3 | | Asian ginseng |
| | | Panax quinquefolius (II) #3 | | American ginseng |
| ARAUCARIACEAE | | | | Araucarias |
| | Araucaria araucana (I) | | | Monkey-puzzle tree |
| ASPARAGACEAE | | | | |
| | | Beaucarnea spp. (II) | | Ponytail palm |
| BERBERIDACEAE | | | | Barberries |
| | | Podophyllum hexandrum (II) #2 | | Himalayan may-apple |
| BIGNONIACEAE | | | | Bignonias, trumpet trees |
| | | Handroanthus spp. (II) #17 (This inclusion shall enter into effect on 25 November 2024) | | |
| | | Roseodendron spp. (II) #17 (This inclusion shall enter into effect on 25 November 2024) | | |
| | | Tabebuia spp. (II) #17 (This inclusion shall enter into effect on 25 November 2024) | | |
| BROMELIACEAE | | | | Air plants, bromelias |
| | | Tillandsia harrisii (II) #4 | | Harris’ tillandsia |
| | | Tillandsia kammii (II) #4 | | Kamm’s tillandsia |
| | | Tillandsia xerographica (II) (7) #4 | | Xerographic tillandsia |
| CACTACEAE | | | | Cacti |
| | | CACTACEAE spp. (II) (Except for the species included in Annex A and Pereskia spp., Pereskiopsis spp. and Quiabentia spp.) (8) #4 | | Cacti |
| | Ariocarpus spp. (I) | | | Living rock cacti |
| | Astrophytum asterias (I) | | | Star cactus |
| | Aztekium ritteri (I) | | | Aztec cactus |
| | Coryphantha werdermannii (I) | | | Jobali pincushion cactus |
| | Discocactus spp. (I) | | | Discocacti |
| | Echinocereus ferrerianus ssp. lindsayorum (I) | | | Lindsay’s hedgehog cacti |
| | Echinocereus schmollii (I) | | | Lamb’s-tail cactus |
| | Escobaria minima (I) | | | Nelle’s cactus |
| | Escobaria sneedii (I) | | | Sneed’s pincushion cactus |
| | Mammillaria pectinifera (I) (includes ssp. solisioides) | | | Conchilinque |
| | Melocactus conoideus (I) | | | Conelike Turk’s-cap cactus |
| | Melocactus deinacanthus (I) | | | Wonderfully-bristled Turk’s cap cactus |
| | Melocactus glaucescens (I) | | | Woolly waxy-stemmed Turk’s-cap cactus |
| | Melocactus paucispinus (I) | | | Few-spined Turk’s-cap cactus |
| | Obregonia denegrii (I) | | | Artichoke cactus |
| | Pachycereus militaris (I) | | | Grenadier’s cap |
| | Pediocactus bradyi (I) | | | Brady’s pincushion cactus |
| | Pediocactus knowltonii (I) | | | Knowlton’s cactus |
| | Pediocactus paradinei (I) | | | Houserock valley cactus |
| | Pediocactus peeblesianus (I) | | | Peebles’s Navajo cactus |
| | Pediocactus sileri (I) | | | Siler’s pincushion cactus |
| | Pelecyphora spp. (I) | | | Pine cane cactus |
| | Sclerocactus blainei (I) | | | Blaine’s fishhook cactus |
| | Sclerocactus brevihamatus ssp. tobuschii (I) | | | Tobusch fishhook cactus |
| | Sclerocactus brevispinus (I) | | | Pariette cactus |
| | Sclerocactus cloverae (I) | | | New Mexico fishhook cactus |
| | Sclerocactus erectocentrus (I) | | | Needle-spined pineapple cactus |
| | Sclerocactus glaucus (I) | | | Colorado hookless cactus |
| | Sclerocactus mariposensis (I) | | | Mariposa cactus |
| | Sclerocactus mesae-verdae (I) | | | Mesa Verde cactus |
| | Sclerocactus nyensis (I) | | | Tonopah fishook cactus |
| | Sclerocactus papyracanthus (I) | | | Grama-grass cactus |
| | Sclerocactus pubispinus (I) | | | Great-Basin fishhook cactus |
| | Sclerocactus sileri (I) | | | Siler’s fishhook cactus |
| | Sclerocactus wetlandicus (I) | | | Unita Basin hookless cactus |
| | Sclerocactus wrightiae (I) | | | Wright’s fishhook cactus |
| | Strombocactus spp. (I) | | | Peyote |
| | Turbinicarpus spp. (I) | | | Turbinicarps |
| | Uebelmannia spp. (I) | | | Uebelmann cacti |
| CARYOCARACEAE | | | | Ajos |
| | | Caryocar costaricense (II) #4 | | Ajillo |
| COMPOSITAE (ASTERACEAE) | | | | Asters, daisies, costus |
| | | | Crassothonna clavifolia (III South Africa) | |
| | | | Othonna armiana (III South Africa) | |
| | | | Othonna cacalioides (III South Africa) | |
| | | | Othonna euphorbioides (III South Africa) | |
| | | | Othonna retrorsa (III South Africa) | |
| | Saussurea costus (I) (also known as S. lappa, Aucklandia lappa or A. costus) | | | Costus |
| CRASSULACEAE | | | | |
| | | Rhodiola spp. (II) #2 | | Roseroots, rhodiolas, golden root |
| | | | Tylecodon bodleyae (III South Africa)

  Tylecodon nolteei (III South Africa)

  Tylecodon reticulatus (III South Africa) | |
| CUCURBITACEAE | | | | |
| | | Zygosicyos pubescens (II) (also known as Xerosicyos pubescens) | | Tobory |
| | | Zygosicyos tripartitus (II) | | Betoboky |
| | | | | |
| | | | | |
| CUPRESSACEAE | | | | Cypresses |
| | Fitzroya cupressoides (I) | | | Alerce |
| | Pilgerodendron uviferum (I) | | | Pilgerodendron |
| | | Widdringtonia whytei (II) | | Mulanje cedar |
| CYATHEACEAE | | | | Tree ferns |
| | | Cyathea spp. (II) #4 | | Tree ferns |
| CYCADACEAE | | | | Cycads |
| | | CYCADACEAE spp. (II) (Except for the species included in Annex A) #4 | | Cycads |
| | Cycas beddomei (I) | | | Beddome’s cycad |
| DICKSONIACEAE | | | | Tree ferns |
| | | Cibotium barometz (II) #4 | | |
| | | Dicksonia spp. (II) (Only the populations of the Americas; no other populations are included in the Annexes to this Regulation. This includes the synonyms Dicksonia berteriana, D. externa, D. sellowiana and D. stuebelii) #4 | | Tree ferns |
| DIDIEREACEAE | | | | Didiereas |
| | | DIDIEREACEAE spp. (II) #4 | | Alluaudias, didiereas |
| DIOSCOREACEAE | | | | Yams |
| | | Dioscorea deltoidea (II) #4 | | Elephant’s foot |
| DROSERACEAE | | | | Sundews |
| | | Dionaea muscipula (II) #4 | | Venus fly-trap |
| EBENACEAE | | | | Ebonies |
| | | Diospyros spp. (II) (Only the populations of Madagascar; no other population is included in the Annexes to this Regulation) #5 | | |
| EUPHORBIACEAE | | | | Spurges |
| | | Euphorbia spp. (II) #4
  (Succulent species only except for:


  (1) | Euphorbia misera; |

Annex A

Annex B

Annex C

Common name

FAUNA

CHORDATA (CHORDATES)

MAMMALIA

Mammals

ARTIODACTYLA

Antilocapridae

Pronghorn

Antilocapra americana (I) (Only the population of Mexico; no other population is included in the Annexes to this Regulation)

Mexican pronghorn

Bovidae

Antelopes, cattle, duikers, gazelles, goats, sheep etc.

Addax nasomaculatus (I)

Addax

Ammotragus lervia (II)

Barbary sheep

Antilope cervicapra (III Nepal/Pakistan)

Blackbuck

Bos gaurus (I) (Excludes the domesticated form referenced as Bos frontalis which is not subject to this Regulation)

Gaur

Bos mutus (I) (Excludes the domesticated form referenced as Bos grunniens which is not subject to this Regulation)

Wild yak

Bos sauveli (I)

Kouprey

Boselaphus tragocamelus (III Pakistan)

Nilgai

Bubalus arnee (III Nepal) (Excludes the domesticated form referenced as Bubalus bubalis, which is not subject to this Regulation)

Wild Asiatic buffalo

Bubalus depressicornis (I)

Lowland anoa

Bubalus mindorensis (I)

Tamarau

Bubalus quarlesi (I)

Mountain anoa

Budorcas taxicolor (II)

Takin

Capra falconeri (I)

Markhor

Capra caucasica (II)

Caucasian Tur

Capra hircus aegagrus (III Pakistan) (Specimens of the domesticated form are not subject to this Regulation)

Wild goat

Capra sibirica (III Pakistan)

Siberian Ibex

Capricornis milneedwardsii (I)

Chinese serow

Capricornis rubidus (I)

Red serow

Capricornis sumatraensis (I)

Sumatran serow

Capricornis thar (I)

Himalayan serow

Cephalophus brookei (II)

Brooke’s duiker

Cephalophus dorsalis (II)

Bay duiker

Cephalophus jentinki (I)

Jentink’s duiker

Cephalophus ogilbyi (II)

Ogilby’s duiker

Cephalophus silvicultor (II)

Yellow-backed duiker

Cephalophus zebra (II)

Zebra duiker

Damaliscus pygargus pygargus (II)

Bontebok

Gazella bennettii (III Pakistan)

Chinkara

Gazella cuvieri (I)

Cuvier’s gazelle

Gazella dorcas (III Algeria/Tunisia)

Dorcas gazelle

Gazella leptoceros (I)

Slender-horned gazelle

Hippotragus niger variani (I)

Giant sable antelope

Kobus leche (II)

Lechwe

Naemorhedus baileyi (I)

Red goral

Naemorhedus caudatus (I)

Long-tailed goral

Naemorhedus goral (I)

Himalayan goral

Naemorhedus griseus (I)

Chinese goral

Nanger dama (I)

Dama gazelle

Oryx dammah (I)

Scimitar-horned oryx

Oryx leucoryx (I)

Arabian oryx

Ovis ammon (II)

Altai argali

Ovis arabica (II)

Arabian wild sheep

Ovis bochariensis (II)

Bukhara urial

Ovis canadensis (II) (Only the population of Mexico; no other population is included in the Annexes to this Regulation)

Mexican bighorn sheep

Ovis collium (II)

Kazakhstan argali

Ovis cycloceros (II)

Afghan urial

Ovis darwini (II)

Gobi argali

Ovis gmelini (I) (population of Cyprus)

Anatolian sheep

Ovis hodgsoni (I)

Tibetan argali

Ovis jubata (II)

Shansi argali

Ovis karelini (II)

Tianshan argali

Ovis nigrimontana (I)

Karatau argali

Ovis polii (II)

Marco Polo argali

Ovis punjabiensis (II)

Punjab urial

Ovis severtzovi (II)

Severtzov’s agali

Ovis vignei (I)

Ladakh urial

Pantholops hodgsonii (I)

Chiru

Philantomba maxwellii (II)

Maxwell’s duiker

Philantomba monticola (II)

Blue duiker

Pseudois nayaur (III Pakistan)

Bharal

Pseudoryx nghetinhensis (I)

Saola

Rupicapra pyrenaica ornata (II)

Abruzzo chamois

Saiga borealis (II) (A zero export quota for wild specimens traded for commercial purposes)

Mongolian saiga

Saiga tatarica (II) (A zero export quota for wild specimens traded for commercial purposes)

Steppe saiga

Tetracerus quadricornis (III Nepal)

Four-horned antelope

Camelidae

Camels, guanaco, vicuña

Lama guanicoe (II)

Guanaco

Vicugna vicugna (I) (Except for the populations of: Argentina [the populations of the Provinces of Jujuy, Catamarca and Salta, and the semi-captive populations of the Provinces of Jujuy, Salta, Catamarca, La Rioja and San Juan]; Bolivia [the whole population]; Chile [populations of the region of Tarapacá and of the region of Arica and Parinacota]; Ecuador [the whole population] and Peru [the whole population]; which are included in Annex B)

Vicugna vicugna (II) (Only the populations of Argentina [the populations of the Provinces of Jujuy, Catamarca and Salta, and the semi-captive populations of the Provinces of Jujuy, Salta, Catamarca, La Rioja and San Juan]; Bolivia [the whole population]; Chile [populations of the region of Tarapacá and of the region of Arica and Parinacota]; Ecuador [the whole population] and Peru [the whole population]; all other populations are included in Annex A) (3)

Vicuña

Cervidae

Deer, huemuls, muntjacs, pudus

Axis calamianensis (I)

Calamian deer

Axis kuhlii (I)

Bawean deer

Axis porcinus (III Pakistan (Except for the subspecies included in Annex A))

Hog deer

Axis porcinus annamiticus (I)

Indochina hog deer

Blastocerus dichotomus (I)

Marsh deer

Cervus elaphus bactrianus (II)

Bactrian deer

Cervus elaphus barbarus (III Algeria/Tunisia)

Barbary deer

Cervus elaphus hanglu (I)

Hangul

Dama dama mesopotamica (I)

Persian fallow deer

Hippocamelus spp. (I)

Huemuls

Mazama temama cerasina (III Guatemala)

Central American red brocket

Muntiacus crinifrons (I)

Black muntjac

Muntiacus vuquangensis (I)

Giant muntjac

Odocoileus virginianus mayensis (III Guatemala)

Guatemalan white-tailed deer

Ozotoceros bezoarticus (I)

Pampas deer

Pudu mephistophiles (II)

Northern pudu

Pudu puda (I)

Southern pudu

Rucervus duvaucelii (I)

Barasingha

Rucervus eldii (I)

Eld’s deer

Giraffidae

Giraffa camelopardalis (II)

Giraffes

Giraffe

Hippopotamidae

Hippopotamuses

Hexaprotodon liberiensis (II)

Pygmy hippopotamus

Hippopotamus amphibius (II)

Common hippopotamus

Moschidae

Musk deer

Moschus spp. (I) (Only the populations of Afghanistan, Bhutan, India, Myanmar, Nepal and Pakistan; all other populations are included in Annex B)

Moschus spp. (II) (Except for the populations of Afghanistan, Bhutan, India, Myanmar, Nepal and Pakistan, which are included in Annex A)

Musk deer

Suidae

Babirusa, hogs, pigs

Babyrousa babyrussa (I)

Buru babirusa

Babyrousa bolabatuensis (I)

Bola Batu babirusa

Babyrousa celebensis (I)

North Sulawesi babirusa

Babyrousa togeanensis (I)

Malenge babirusa

Sus salvanius (I)

Pygmy hog

Tayassuidae

Peccaries

Tayassuidae spp. (II) (Except for the species included in Annex A and excluding the populations of Pecari tajacu of Mexico and the United States, which are not included in the Annexes to this Regulation)

Peccaries

Catagonus wagneri (I)

Chacoan peccary

CARNIVORA

Ailuridae

Ailurus fulgens (I)

Red panda

Canidae

Dogs, foxes, wolves

Canis aureus (III India)

Golden jackal

Canis lupus (I/II)

(All populations except those of Spain north of the Duero and Greece north of the 39th parallel which are listed in Annex B. Populations of Bhutan, India, Nepal and Pakistan are listed in Appendix I; all other populations are listed in Appendix II. Excludes the domesticated form and the dingo which are referenced as Canis lupus familiaris and Canis lupus dingo)

Canis lupus (II) (Only includes populations of Spain north of the Duero and Greece north of the 39th parallel. All other populations are included in Annex A. Excludes the domesticated form and the dingo which are referenced as Canis lupus familiaris and Canis lupus dingo)

Grey wolf

Canis simensis

Ethiopian wolf

Cerdocyon thous (II)

Crab-eating fox

Chrysocyon brachyurus (II)

Maned wolf

Cuon alpinus (II)

Dhole

Lycalopex culpaeus (II)

Culpeo

Lycalopex fulvipes (II)

Darwin’s fox

Lycalopex griseus (II)

South American grey fox

Lycalopex gymnocercus (II)

Pampas fox

Speothos venaticus (I)

Bush dog

Vulpes bengalensis (III India)

Bengal fox

Vulpes cana (II)

Blanford’s fox

Vulpes zerda (II)

Fennec fox

Eupleridae

Cryptoprocta ferox (II)

Fossa

Eupleres goudotii (II)

Falanouc

Fossa fossana (II)

Malagasy civet

Felidae

Cats, cheetahs, leopards, lions, tigers etc.

Felidae spp. (II) (Except for the species included in Annex A. Specimens of the domesticated form are not subject to this Regulation. For
  Panthera leo
  (African populations): A zero annual export quota is established for specimens of bones, bone pieces, bone products, claws, skeletons, skulls and teeth removed from the wild and traded for commercial purposes.

Annual export quotas for trade in bones, bone pieces, bone products, claws, skeletons, skulls and teeth for commercial purposes, derived from captive breeding operations in South Africa, will be established and communicated annually to the CITES Secretariat.)

Cats

Acinonyx jubatus (I) (Annual export quotas for live specimens and hunting trophies are granted as follows: Botswana: 5; Namibia: 150; Zimbabwe: 50. The trade in such specimens is subject to Article 4(1))

Cheetah

Caracal caracal (I) (Only the population of Asia; all other populations are included in Annex B)

Asian Caracal

Catopuma temminckii (I)

Asian golden cat

Felis nigripes (I)

Black-footed cat

Felis silvestris (II)

Wild cat

Herpailurus yagouaroundi (I) (Only the populations of Central and North America; all other populations are included in Annex B)

Jaguarundi

Leopardus geoffroyi (I)

Geoffroy’s cat

Leopardus guttulus (I)

Southern tigrina

Leopardus jacobita (I)

Andean mountain cat

Leopardus pardalis (I)

Ocelot

Leopardus tigrinus (I)

Oncilla

Leopardus wiedii (I)

Margay

Lynx lynx (II)

Eurasian lynx

Lynx pardinus (I)

Iberian lynx

Neofelis diardi (I)

Sunda clouded leopard

Neofelis nebulosa (I)

Mainland clouded leopard

Panthera leo (I) (Only the populations of India; all other populations are included in Annex B)

Asiatic lion

Panthera onca (I)

Jaguar

Panthera pardus (I)

Leopard

Panthera tigris (I)

Tiger

Panthera uncia (I)

Snow leopard

Pardofelis marmorata (I)

Marbled cat

Prionailurus bengalensis bengalensis (I) (Only the populations of Bangladesh, India and Thailand; all other populations are included in Annex B)

Bengal leopard cat

Prionailurus bengalensis euptilurus (II)

Iriomote cat

Prionailurus planiceps (I)

Flat-headed cat

Prionailurus rubiginosus (I) (Only the population of India; all other populations are included in Annex B)

Rusty-spotted cat

Puma concolor (I) (Only the populations of Costa Rica and Panama; all other populations are included in Annex B)

Costa Rican cougar

Herpestidae

Mongooses

Herpestes edwardsi (III India/Pakistan)

Indian grey mongoose

Herpestes fuscus (III India)

Indian brown mongoose

Herpestes javanicus (III Pakistan)

Small Asian mongoose

Herpestes javanicus auropunctatus (III India)

Small Indian mongoose

Herpestes smithii (III India)

Ruddy mongoose

Herpestes urva (III India)

Crab-eating mongoose

Herpestes vitticollis (III India)

Stripe-necked mongoose

Hyaenidae

Aardwolf, hyenas

Hyaena hyaena (III Pakistan)

Striped hyena

Proteles cristata (III Botswana)

Aardwolf

Mephitidae

Skunks

Conepatus humboldtii (II)

Humboldt’s hog-nosed skunk

Mustelidae

Badgers, martens, weasels etc.

Lutrinae

Otters

Lutrinae spp. (II) (Except for the species included in Annex A)

Otters

Aonyx capensis microdon (I) (Only the populations of Cameroon and Nigeria; all other populations are included in Annex B)

Cameroon clawless otter

Aonyx cinereus (I)

Small-clawed otter

Enhydra lutris nereis (I)

Southern sea otter

Lontra felina (I)

Marine otter

Lontra longicaudis (I)

Neotropical otter

Lontra provocax (I)

Southern river otter

Lutra lutra (I)

European otter

Lutra nippon (I)

Japanese otter

Lutrogale perspicillata (I)

Smooth-coated otter

Pteronura brasiliensis (I)

Giant otter

Mustelinae

Grisons, martens, tayra, weasels

Eira barbara (III Honduras)

Tayra

Martes flavigula (III India)

Yellow-throated marten

Martes foina intermedia (III India)

Stone marten

Martes gwatkinsii (III India)

Nilgiri marten

Mellivora capensis (III Botswana)

Honey badger

Mustela nigripes (I)

Black-footed ferret

Odobenidae

Walrus

Odobenus rosmarus (III Canada)

Walrus

Otariidae

Fur seals, sealions

Arctocephalus spp. (II) (Except for the species included in Annex A)

Fur seals

Arctocephalus philippii (II)

Juan Fernández fur seal

Arctocephalus townsendi (I)

Guadalupe fur seal

Phocidae

Seals

Mirounga leonina (II)

Southern elephant seal

Monachus spp. (I)

Monk seals

Procyonidae

Coatis, olingos

Nasua narica (III Honduras)

White-nosed coati

Nasua nasua solitaria (III Uruguay)

South Brazilian coati

Potos flavus (III Honduras)

Kinkajou

Ursidae

Bears

Ursidae spp. (II) (Except for the species included in Annex A)

Bears

Ailuropoda melanoleuca (I)

Giant panda

Helarctos malayanus (I)

Sun bear

Melursus ursinus (I)

Sloth bear

Tremarctos ornatus (I)

Spectacled bear

Ursus arctos (I/II)

(Only the populations of Bhutan, China, Mexico and Mongolia and the subspecies Ursus arctos isabellinus are listed in Appendix I; all other populations and subspecies are listed in Appendix II)

Brown bear

Ursus thibetanus (I)

Asian black bear

Viverridae

Binturong, civets, linsangs, otter-civet, palm civet

Arctictis binturong (III India)

Binturong

Civettictis civetta (III Botswana)

African civet

Cynogale bennettii (II)

Otter civet

Hemigalus derbyanus (II)

Banded palm civet

Paguma larvata (III India)

Masked palm civet

Paradoxurus hermaphroditus (III India)

Asian palm civet

Paradoxurus jerdoni (III India)

Jerdon’s palm civet

Prionodon linsang (II)

Banded linsang

Prionodon pardicolor (I)

Spotted linsang

Viverra civettina (III India)

Malabar large-spotted civet

Viverra zibetha (III India)

Large Indian civet

Viverricula indica (III India)

Small Indian civet

CETACEA

Cetaceans (dolphins, porpoises, whales)

CETACEA spp. (I/II)
   (4)

Cetaceans

CHIROPTERA

Phyllostomidae

Broad-nosed bats

Platyrrhinus lineatus (III Uruguay)

White-lined bat

Pteropodidae

Fruit bats, flying foxes

Acerodon spp. (II) (Except for the species included in Annex A)

Flying foxes

Acerodon jubatus (I)

Golden-capped fruit bat

Pteropus spp. (II) (Except for the species included in Annex A and except for Pteropus brunneus which is not included in the Annexes)

Flying foxes

Pteropus insularis (I)

Ruck flying fox

Pteropus livingstonii (II)

Comoro flying fox

Pteropus loochoensis (I)

Japanese flying fox

Pteropus mariannus (I)

Marianas flying fox

Pteropus molossinus (I)

Caroline flying fox

Pteropus pelewensis (I)

Pelew flying fox

Pteropus pilosus (I)

Large Pelew flying fox

Pteropus rodricensis (II)

Rodrigues flying fox

Pteropus samoensis (I)

Samoan flying fox

Pteropus tonganus (I)

Pacific flying fox

Pteropus ualanus (I)

Kosrae flying fox

Pteropus voeltzkowi (II)

Pemba flying fox

Pteropus yapensis (I)

Yap flying fox

CINGULATA

Dasypodidae

Armadillos

Cabassous tatouay (III Uruguay)

Greater naked-tailed armadillo

Chaetophractus nationi (II) (A zero annual export quota has been established. All specimens shall be deemed to be specimens of species included in Annex A and the trade in them shall be regulated accordingly)

Andean hairy armadillo

Priodontes maximus (I)

Giant armadillo

DASYUROMORPHIA

Dasyuridae

Dunnarts, marsupial mice, planigales

Sminthopsis longicaudata (I)

Long-tailed dunnart

Sminthopsis psammophila (I)

Sandhill dunnart

DIPROTODONTIA

Macropodidae

Kangaroos, wallabies

Dendrolagus inustus (II)

Grizzled tree-kangaroo

Dendrolagus ursinus (II)

Ursine tree-kangaroo

Lagorchestes hirsutus (I)

Rufous hare-wallaby

Lagostrophus fasciatus (I)

Banded hare-wallaby

Onychogalea fraenata (I)

Bridled nail-tail wallaby

Phalangeridae

Cuscus

Phalanger intercastellanus (II)

Eastern common cuscus

Phalanger mimicus (II)

Southern common cuscus

Phalanger orientalis (II)

Northern common cuscus

Spilocuscus kraemeri (II)

Admiralty Island cuscus

Spilocuscus maculatus (II)

Common spotted cuscus

Spilocuscus papuensis (II)

Waigeou cuscus

Potoroidae

Rat-kangaroos

Bettongia spp. (I)

Bettongs

Vombatidae

Wombats

Lasiorhinus krefftii (I)

Northern hairy-nosed wombat

LAGOMORPHA

Leporidae

Hares, rabbits

Caprolagus hispidus (I)

Hispid hare

Romerolagus diazi (I)

Volcano rabbit

MONOTREMATA

Tachyglossidae

Echidnas, spiny anteaters

Zaglossus spp. (II)

Long-beaked echidnas

PERAMELEMORPHIA

Peramelidae

Perameles bougainville (I)

Western barred bandicoot

Thylacomyidae

Macrotis lagotis (I)

Greater bilby

PERISSODACTYLA

Equidae

Horses, wild asses, zebras

Equus africanus (I) (Excludes the domesticated form referenced as Equus asinus, which is not subject to this Regulation)

African ass

Equus grevyi (I)

Grévy’s zebra

Equus hemionus (I/II) (The species is listed in Appendix II but subspecies Equus hemionus hemionus, Equus hemionus khur and Equus hemionus luteus are listed in Appendix I)

Asiatic wild ass

Equus kiang (II)

Kiang

Equus przewalskii (I)

Przewalski’s horse

Equus zebra hartmannae (II)

Hartmann’s mountain zebra

Equus zebra zebra (II)

Cape mountain zebra

Rhinocerotidae

Rhinoceroses

Rhinocerotidae spp. (I) (Except for the subspecies included in Annex B)

Rhinoceroses

Ceratotherium simum simum (II) (Only the populations of Eswatini, Namibia and South Africa; all other populations are included in Annex A. For the populations of Eswatini and South Africa: for the exclusive purpose of allowing international trade in live animals to appropriate and acceptable destinations and trade in hunting trophies. For the population of Namibia: for the exclusive purpose of allowing international trade in live animals for in-situ conservation only and only within the natural and historical range of Ceratotherium simum in Africa. All other specimens from the populations of Eswatini, Namibia and South Africa shall be deemed to be specimens of species included in Annex A and trade in them shall be regulated accordingly)

Southern white rhinoceros

Tapiridae

Tapirs

Tapiridae spp. (I) (Except for the species included in Annex B)

Tapirs

Tapirus terrestris (II)

South American tapir

PHOLIDOTA

Manidae

Pangolins

Manis spp. (II)

(Except for the species included in Annex A)

Pangolins

Manis crassicaudata (I)

Indian pangolin

Manis culionensis (I)

Philippine pangolin

Manis gigantea (I)

Giant pangolin

Manis javanica (I)

Sunda pangolin

Manis pentadactyla (I)

Chinese pangolin

Manis temminckii (I)

Ground pangolin

Manis tetradactyla (I)

Long-tailed pangolin

Manis tricuspis (I)

Tree pangolin

PILOSA

Bradypodidae

Three-toed sloths

Bradypus pygmaeus (II)

Pygmy tree-toed sloth

Bradypus variegatus (II)

Brown-throated sloth

Myrmecophagidae

American anteaters

Myrmecophaga tridactyla (II)

Giant anteater

Tamandua mexicana (III Guatemala)

Northern tamandua

PRIMATES

Primates (apes and monkeys)

PRIMATES spp. (II) (Except for the species included in Annex A)

Primates

Atelidae

Howlers, spider monkeys

Alouatta palliata (I)

Mantled howler

Alouatta pigra (I)

Guatemalan black howler

Ateles geoffroyi frontatus (I)

Black-browed spider monkey

Ateles geoffroyi ornatus (I)

Red spider monkey

Brachyteles arachnoides (I)

Southern muriqui

Brachyteles hypoxanthus (I)

Northern muriqui

Oreonax flavicauda (I)

Yellow-tailed woolly monkey

Cebidae

Marmosets, tamarins, New-world monkeys

Callimico goeldii (I)

Goeldi’s marmoset

Callithrix aurita (I)

Buffy-tufted marmoset

Callithrix flaviceps (I)

Buffy-headed marmoset

Leontopithecus spp. (I)

Lion tamarins

Saguinus bicolor (I)

Pied tamarin

Saguinus geoffroyi (I)

Geoffroy’s tamarin

Saguinus leucopus (I)

White-footed tamarin

Saguinus martinsi (I)

Martins’ bare-face tamarin

Saguinus oedipus (I)

Cottontop tamarin

Saimiri oerstedii (I)

Central American squirrel monkey

Cercopithecidae

Old-world monkeys

Allochrocebus solatus (II)

Sun-tailed monkey

Cercocebus galeritus (I)

Tana River mangabey

Cercopithecus diana (I)

Diana monkey

Cercopithecus roloway (I)

Roloway monkey

Colobus satanas (II)

Black colobus

Macaca silenus (I)

Lion-tailed macaque

Macaca sylvanus (I)

Barbary macaque

Mandrillus leucophaeus (I)

Drill

Mandrillus sphinx (I)

Mandrill

Nasalis larvatus (I)

Proboscis monkey

Piliocolobus bouvieri (II)

Bouvier’s red colobus

Piliocolobus epieni (II)

Niger Delta red colobus

Piliocolobus foai (II)

Central African red colobus

Piliocolobus gordonorum (II)

Uzungwa red colobus

Piliocolobus kirkii (I)

Zanzibar red colobus

Piliocolobus pennantii (II)

Pennant’s red colobus

Piliocolobus preussi (II)

Preuss’s red colobus

Piliocolobus rufomitratus (I)

Tana River red colobus

Piliocolobus tephrosceles (II)

Ugandan red colobus

Piliocolobus tholloni (II)

Thollon’s red colobus

Presbytis potenziani (I)

Mentawai langur

Pygathrix spp. (I)

Douc langurs

Rhinopithecus spp. (I)

Snub-nosed monkeys

Semnopithecus ajax (I)

Kashmir grey langur

Semnopithecus dussumieri (I)

Southern Plains grey langur

Semnopithecus entellus (I)

Northern Plains grey langur

Semnopithecus hector (I)

Tarai grey langur

Semnopithecus hypoleucos (I)

Black-footed grey langur

Semnopithecus priam (I)

Tufted grey langur

Semnopithecus schistaceus (I)

Nepal grey langur

Simias concolor (I)

Simakobou

Trachypithecus delacouri (II)

Delacour’s langur

Trachypithecus francoisi (II)

François’s langur

Trachypithecus geei (I)

Gee’s golden langur

Trachypithecus hatinhensis (II)

Hatinh langur

Trachypithecus johnii (II)

Nilgiri langur

Trachypithecus laotum (II)

Laotian langur

Trachypithecus pileatus (I)

Capped langur

Trachypithecus poliocephalus (II)

White-headed langur

Trachypithecus shortridgei (I)

Shortridge’s langur

Cheirogaleidae

Dwarf lemurs and mouse-lemurs

Cheirogaleidae spp. (I)

Dwarf lemurs and mouse lemurs

Daubentoniidae

Aye-aye

Daubentonia madagascariensis (I)

Aye-aye

Hominidae

Chimpanzees, gorillas, orang-utan

Gorilla beringei (I)

Eastern gorilla

Gorilla gorilla (I)

Western gorilla

Pan spp. (I)

Chimpanzee and bonobo

Pongo abelii (I)

Sumatran orangutan

Pongo pygmaeus (I)

Bornean orangutan

Pongo tapanuliensis (I)

Tapanuli orangutan

Hylobatidae

Gibbons

Hylobatidae spp. (I)

Gibbons

Indriidae

Indri, sifakas and woolly lemurs

Indriidae spp. (I)

Indri, sifakas and woolly lemurs

Lemuridae

Large lemurs

Lemuridae spp. (I)

Large lemurs

Lepilemuridae

Sportive lemurs

Lepilemuridae spp. (I)

Sportive lemurs

Lorisidae

Lorises

Nycticebus spp. (I)

Slow lorises

Pitheciidae

Uacaris, titis, sakis

Cacajao spp. (I)

Uacaris

Callicebus barbarabrownae (II)

Barbara Brown’s Titi

Callicebus melanochir (II)

Coastal Black-handed Titi

Callicebus nigrifrons (II)

Black-fronted Titi

Callicebus personatus (II)

Atlantic titi

Chiropotes albinasus (I)

White-nosed saki

Tarsiidae

Tarsiers

Tarsius spp. (II)

Tarsiers

PROBOSCIDEA

Elephantidae

Elephants

Elephas maximus (I)

Asian elephant

Loxodonta africana (I) (Except for the populations of Botswana, Namibia, South Africa and Zimbabwe, which are included in Annex B)

Loxodonta africana (II)

(Only the populations of Botswana, Namibia, South Africa and Zimbabwe (5); all other populations are included in Annex A)

African elephant

RODENTIA

Chinchillidae

Chinchillas

Chinchilla spp. (I) (Specimens of the domesticated form are not subject to this Regulation)

Chinchillas

Cuniculidae

Pacas

Cuniculus paca (III Honduras)

Lowland paca

Dasyproctidae

Agoutis

Dasyprocta punctata (III Honduras)

Central American agouti

Erethizontidae

New-world porcupines

Sphiggurus mexicanus (III Honduras)

Mexican hairy dwarf porcupine

Sphiggurus spinosus (III Uruguay)

Paraguaian hairy dwarf porcupine

Hystricidae

Old-world porcupines

Hystrix cristata

Crested porcupine

Muridae

Mice, rats

Leporillus conditor (II)

Greater stick-nest rat

Pseudomys fieldi (II)

Shark Bay mouse

Xeromys myoides (II)

False water rat

Zyzomys pedunculatus (II)

Central Australian rock rat

Sciuridae

Ground squirrels, tree squirrels

Cynomys mexicanus (II)

Mexican prairie dog

Marmota caudata (III India)

Long-tailed marmot

Marmota himalayana (III India)

Himalayan marmot

Ratufa spp. (II)

Giant squirrels

SCANDENTIA

SCANDENTIA spp. (II)

Treeshrews

SIRENIA

Dugongidae

Dugong

Dugong dugon (I)

Dugong

Trichechidae

Manatees

Trichechus inunguis (I)

Trichechus manatus (I)

Trichechus senegalensis (I)

AVES

Birds

ANSERIFORMES

Anatidae

Ducks, geese, swans etc.

Anas aucklandica (I)

Auckland Islands teal

Anas bernieri (II)

Madagascar teal

Anas chlorotis (I)

Brown teal

Anas formosa (II)

Baikal teal

Anas laysanensis (I)

Laysan duck

Anas nesiotis (I)

Campbell Island teal

Anas querquedula

Garganey

Asarcornis scutulata (I)

White-winged duck

Aythya innotata

Madagascar pochard

Aythya nyroca

Ferruginous duck

Branta canadensis leucopareia (II)

Aleutian goose

Branta ruficollis (II)

Red-breasted goose

Branta sandvicensis (I)

Nene

Coscoroba coscoroba (II)

Coscoroba swan

Cygnus melancoryphus (II)

Black-necked swan

Dendrocygna arborea (II)

West Indian whistling-duck

Dendrocygna autumnalis (III Honduras)

Black-bellied whistling-duck

Dendrocygna bicolor (III Honduras)

Fulvous whistling-duck

Mergus octosetaceus

Brazilian merganser

Oxyura leucocephala (II)

White-headed duck

Rhodonessa caryophyllacea (I)

Pink-headed duck

Sarkidiornis melanotos (II)

Comb duck

Tadorna cristata

Crested shelduck

APODIFORMES

Trochilidae

Hummingbirds

Trochilidae spp. (II) (Except for the species included in Annex A)

Hummingbirds

Glaucis dohrnii (I)

Hook-billed hermit

CHARADRIIFORMES

Burhinidae

Thick-knees

Burhinus bistriatus (III Guatemala)

Double-striped thick-knee

Laridae

Gulls, terns

Larus relictus (I)

Relict gull

Scolopacidae

Curlews, greenshanks

Numenius borealis (I)

Eskimo curlew

Numenius tenuirostris (I)

Slender-billed curlew

Tringa guttifer (I)

Nordmann’s greenshank

CICONIIFORMES

Ardeidae

Egrets, herons

Ardea alba

Great egret

Bubulcus ibis

Cattle egret

Egretta garzetta

Little egret

Balaenicipitidae

Shoebill, whale-headed stork

Balaeniceps rex (II)

Shoebill

Ciconiidae

Storks

Ciconia boyciana (I)

Oriental stork

Ciconia nigra (II)

Black stork

Ciconia stormi

Storm’s stork

Jabiru mycteria (I)

Jabiru

Leptoptilos dubius

Greater adjutant stork

Mycteria cinerea (I)

Milky stork

Phoenicopteridae

Flamingos

Phoenicopteridae spp. (II) (Except for the species included in Annex A)

Flamingos

Phoenicopterus roseus (II)

Greater flamingo

Phoenicopterus ruber (II)

American flamingo

Threskiornithidae

Ibises, spoonbills

Eudocimus ruber (II)

Scarlet ibis

Geronticus calvus (II)

Bald ibis

Geronticus eremita (I)

Waldrapp

Nipponia nippon (I)

Crested ibis

Platalea leucorodia (II)

Eurasian spoonbill

Pseudibis gigantea

Giant ibis

COLUMBIFORMES

Columbidae

Doves, pigeons

Caloenas nicobarica (I)

Nicobar pigeon

Claravis godefrida

Purple-winged ground-dove

Columba livia

Rock pigeon

Ducula mindorensis (I)

Mindoro zone-tailed pigeon

Gallicolumba luzonica (II)

Luzon bleeding-heart

Goura spp. (II)

Crowned-pigeons

Leptotila wellsi

Grenada dove

Nesoenas mayeri (III Mauritius)

Pink pigeon

Streptopelia turtur

European turtle-dove

CORACIIFORMES

Bucerotidae

Hornbills

Aceros spp. (II) (Except for the species included in Annex A)

Hornbills

Aceros nipalensis (I)

Rufous-necked hornbill

Anorrhinus spp. (II)

Hornbills

Anthracoceros spp. (II)

Hornbills

Berenicornis spp. (II)

Hornbills

Buceros spp. (II) (Except for the species included in Annex A)

Hornbills

Buceros bicornis (I)

Great hornbill

Penelopides spp. (II)

Hornbills

Rhinoplax vigil (I)

Helmeted hornbill

Rhyticeros spp. (II) (Except for the species included in Annex A)

Hornbills

Rhyticeros subruficollis (I)

Plain-pouched hornbill

CUCULIFORMES

Musophagidae

Turacos

Tauraco spp. (II) (Except for the species included in Annex A)

Turacos

Tauraco bannermani (II)

Bannerman’s turaco

FALCONIFORMES

Diurnal birds of prey (eagles, falcons, hawks, vultures)

FALCONIFORMES spp. (II)

(Except for the species included in Annex A; except for one species of the family Cathartidae included in Annex C; the other species of that family are not included in the Annexes to this Regulation; and except for Caracara lutosa which is not subject to this Regulation)

Diurnal birds of prey

Accipitridae

Hawks, eagles

Accipiter brevipes (II)

Levant sparrowhawk

Accipiter gentilis (II)

Northern goshawk

Accipiter nisus (II)

Eurasian sparrowhawk

Aegypius monachus (II)

Cinereous vulture

Aquila adalberti (I)

Adalbert’s eagle

Aquila chrysaetos (II)

Golden eagle

Aquila clanga (II)

Greater spotted eagle

Aquila heliaca (I)

Imperial eagle

Aquila pomarina (II)

Lesser spotted eagle

Buteo buteo (II)

Common buzzard

Buteo lagopus (II)

Rough-legged buzzard

Buteo rufinus (II)

Long-legged buzzard

Chondrohierax wilsonii (I)

Cuban hook-billed kite

Circaetus gallicus (II)

Short-toed snake-eagle

Circus aeruginosus (II)

Western marsh-harrier

Circus cyaneus (II)

Hen harrier

Circus hudsonius (II)

Northern harrier

Circus macrourus (II)

Pallid harrier

Circus pygargus (II)

Montagu’s harrier

Elanus caeruleus (II)

Black-winged kite

Eutriorchis astur (II)

Madagascar serpent-eagle

Gypaetus barbatus (II)

Lammergeier

Gyps fulvus (II)

Eurasian griffon

Haliaeetus spp. (I/II) (Haliaeetus albicilla is listed in Appendix I; the other species are listed in Appendix II)

Sea-eagles

Harpia harpyja (I)

Harpy eagle

Hieraaetus fasciatus (II)

Bonelli’s eagle

Hieraaetus pennatus (II)

Booted eagle

Leucopternis occidentalis (II)

Grey-backed hawk

Milvus migrans (II) (Except for Milvus migrans lineatus which is included in Annex B)

Black kite

Milvus milvus (II)

Red kite

Neophron percnopterus (II)

Egyptian vulture

Pernis apivorus (II)

European honey-buzzard

Pithecophaga jefferyi (I)

Great Philippine eagle

Cathartidae

New world vultures

Gymnogyps californianus (I)

California condor

Sarcoramphus papa (III Honduras)

King vulture

Vultur gryphus (I)

Andean condor

Falconidae

Falcons

Falco araeus (I)

Seychelles kestrel

Falco biarmicus (II)

Lanner falcon

Falco cherrug (II)

Saker falcon

Falco columbarius (II)

Merlin

Falco eleonorae (II)

Eleonora’s falcon

Falco jugger (I)

Laggar falcon

Falco naumanni (II)

Lesser kestrel

Falco newtoni (I) (Only the population of the Seychelles)

Newton’s kestrel

Falco peregrinus (I)

Peregrine falcon

Falco punctatus (I)

Mauritius kestrel

Falco rusticolus (I)

Gyrfalcon

Falco subbuteo (II)

Eurasian hobby

Falco tinnunculus (II)

Common kestrel

Falco vespertinus (II)

Red-footed falcon

Pandionidae

Ospreys

Pandion haliaetus (II)

Osprey

GALLIFORMES

Cracidae

Crax alberti (III Colombia)

Blue-knobbed curassow

Crax blumenbachii (I)

Red-billed curassow

Crax daubentoni (III Colombia)

Yellow-knobbed curassow

Crax fasciolata

Bare-faced Curassow

Crax globulosa (III Colombia)

Wattled curassow

Crax rubra (III Colombia/Guatemala/Honduras)

Great currasow

Mitu mitu (I)

Alagoas curassow

Oreophasis derbianus (I)

Horned guan

Ortalis vetula (III Guatemala/Honduras)

Plain chachalaca

Pauxi pauxi (III Colombia)

Helmeted curassow

Penelope albipennis (I)

White-winged guan

Penelope purpurascens (III Honduras)

Crested guan

Penelopina nigra (III Guatemala)

Highland guan

Pipile jacutinga (I)

Black-fronted piping guan

Pipile pipile (I)

Trinidad piping guan

Megapodiidae

Megapodes, scrubfowl

Macrocephalon maleo (I)

Maleo

Phasianidae

Grouse, guineafowl, partridges, pheasants, tragopans

Argusianus argus (II)

Great argus

Catreus wallichii (I)

Cheer pheasant

Colinus virginianus ridgwayi (I)

Masked bobwhite

Crossoptilon crossoptilon (I)

White eared-pheasant

Crossoptilon mantchuricum (I)

Brown eared-pheasant

Gallus sonneratii (II)

Grey junglefowl

Ithaginis cruentus (II)

Blood pheasant

Lophophorus impejanus (I)

Himalayan monal

Lophophorus lhuysii (I)

Chinese monal

Lophophorus sclateri (I)

Sclater’s monal

Lophura edwardsi (I)

Edwards’ pheasant

Lophura leucomelanos (III Pakistan)

Kalij pheasant

Lophura swinhoii (I)

Swinhoe’s pheasant

Meleagris ocellata (III Guatemala)

Ocellated turkey

Odontophorus strophium

Gorgeted wood-quail

Ophrysia superciliosa

Himalayan quail

Pavo cristatus (III Pakistan)

Indian peafowl

Pavo muticus (II)

Green peafowl

Polyplectron bicalcaratum (II)

Grey peacock-pheasant

Polyplectron germaini (II)

Germain’s peacock-pheasant

Polyplectron malacense (II)

Malayan peacock-pheasant

Polyplectron napoleonis (I)

Palawan peacock-pheasant

Polyplectron schleiermacheri (II)

Bornean peacock-pheasant

Pucrasia macrolopha (III Pakistan)

Koklass pheasant

Rheinardia ocellata (I)

Crested argus

Syrmaticus ellioti (I)

Elliot’s pheasant

Syrmaticus humiae (I)

Hume’s pheasant

Syrmaticus mikado (I)

Mikado pheasant

Syrmaticus reevesii (II)

Reeves’s pheasant

Tetraogallus caspius (I)

Caspian snowcock

Tetraogallus tibetanus (I)

Tibetan snowcock

Tragopan blythii (I)

Blyth’s tragopan

Tragopan caboti (I)

Cabot’s tragopan

Tragopan melanocephalus (I)

Western tragopan

Tragopan satyra (III Nepal)

Satyr tragopan

Tympanuchus cupido attwateri (II)

Attwater’s prairie-chicken

GRUIFORMES

Gruidae

Cranes

Gruidae spp. (II) (Except for the species included in Annex A)

Cranes

Antigone canadensis (I/II) (The species is listed in Appendix II but subspecies Antigone canadensis nesiotes and Antigone canadensis pulla are listed in Appendix I)

Sandhill crane

Antigone vipio (I)

White-naped crane

Balearica pavonina (I)

Black-crowned crane

Grus americana (I)

Whooping crane

Grus grus (II)

Common crane

Grus japonensis (I)

Red-crowned crane

Grus monacha (I)

Hooded crane

Grus nigricollis (I)

Black-necked crane

Leucogeranus leucogeranus (I)

Siberian crane

Otididae

Bustards

Otididae spp. (II) (Except for the species included in Annex A)

Bustards

Ardeotis nigriceps (I)

Indian bustard

Chlamydotis macqueenii (I)

Macqueen’s bustard

Chlamydotis undulata (I)

Houbara bustard

Houbaropsis bengalensis (I)

Bengal florican

Otis tarda (II)

Great bustard

Sypheotides indicus (II)

Lesser florican

Tetrax tetrax (II)

Little bustard

Rallidae

Coots, rails

Hypotaenidia sylvestris (I)

Lord Howe rail

Rhynochetidae

Kagu

Rhynochetos jubatus (I)

Kagu

PASSERIFORMES

Alaudidae

Larks

Alauda arvensis (III Ukraine) (population of Ukraine)

Eurasian skylark

Galerida cristata (III Ukraine) (population of Ukraine)

Crested lark

Lullula arborea (III Ukraine) (population of Ukraine)

Woodlark

Melanocorypha calandra (III Ukraine) (population of Ukraine)

Calandra lark

Atrichornithidae

Scrub-birds

Atrichornis clamosus (I)

Noisy scrub-bird

Cotingidae

Cotingas

Cephalopterus ornatus (III Colombia)

Amazonian umbrella bird

Cephalopterus penduliger (III Colombia)

Long-wattled umbrella bird

Cotinga maculata (I)

Banded cotinga

Rupicola spp. (II)

Cocks-of-the-rock

Xipholena atropurpurea (I)

White-winged cotinga

Emberizidae

Old-world buntings, cardinals, tanagers

Emberiza citrinella (III Ukraine) (population of Ukraine)

Yellowhammer

Emberiza hortulana (III Ukraine) (population of Ukraine)

Ortolan bunting

Gubernatrix cristata (II)

Yellow cardinal

Melopyrrha nigra (III Cuba)

Cuban bullfinch

Paroaria capitata (II)

Yellow-billed cardinal

Paroaria coronata (II)

Red-crested cardinal

Tangara fastuosa (II)

Seven-coloured tanager

Tiaris canorus (III Cuba)

Cuban grassquit

Estrildidae

Mannikins, waxbills

Amandava formosa (II)

Green avadavat

Lonchura fuscata

Timor sparrow

Lonchura oryzivora (II)

Java sparrow

Poephila cincta cincta (II)

Southern black-throated finch

Fringillidae

Finches

Carduelis cannabina (III Ukraine) (population of Ukraine)

Common linnet

Carduelis carduelis (III Ukraine) (population of Ukraine)

European goldfinch

Carduelis cucullata (I)

Red siskin

Carduelis flammea (III Ukraine) (population of Ukraine)

Redpoll

Carduelis hornemanni (III Ukraine) (population of Ukraine)

Arctic redpoll

Carduelis spinus (III Ukraine) (population of Ukraine)

Eurasian siskin

Carduelis yarrellii (II)

Yellow-faced siskin

Carpodacus erythrinus (III Ukraine) (population of Ukraine)

Common rosefinch

Loxia curvirostra (III Ukraine) (population of Ukraine)

Red crossbill

Pyrrhula pyrrhula (III Ukraine) (population of Ukraine)

Eurasian bullfinch

Serinus serinus (III Ukraine) (population of Ukraine)

European serin

Hirundinidae

Martins

Pseudochelidon sirintarae (I)

White-eyed river-martin

Icteridae

New-world blackbirds

Xanthopsar flavus (I)

Saffron-cowled blackbird

Meliphagidae

Honey-eaters

Lichenostomus melanops cassidix (II)

Helmeted honeyeater

Muscicapidae

Old-world flycatchers, babblers, etc.

Acrocephalus rodericanus (III Mauritius)

Rodrigues brush-warbler

Copsychus malabaricus (II)

White-rumped sharma

Cyornis ruckii (II)

Rueck’s blue-flycatcher

Dasyornis broadbenti litoralis (II)

Western rufous bristlebird

Dasyornis longirostris (II)

Western bristlebird

Erithacus rubecula (III Ukraine) (population of Ukraine)

European robin

Ficedula parva (III Ukraine) (population of Ukraine)

Red-breasted flycatcher

Garrulax canorus (II)

Chinese Hwamei

Garrulax taewanus (II)

Taiwan Hwamei

Hippolais icterina (III Ukraine) (population of Ukraine)

Icterine warbler

Leiothrix argentauris (II)

Silver-eared mesia

Leiothrix lutea (II)

Red-billed leiothrix

Liocichla omeiensis (II)

Omei Shan liocichla

Luscinia svecica (III Ukraine) (population of Ukraine)

Bluethroat

Luscinia luscinia (III Ukraine) (population of Ukraine)

Thrush nightingale

Luscinia megarhynchos (III Ukraine) (population of Ukraine)

Common nightingale

Monticola saxatilis (III Ukraine) (population of Ukraine)

Rufous-tailed rock-thrush

Picathartes gymnocephalus (I)

White-necked rockfowl

Picathartes oreas (I)

Grey-necked rockfowl

Sylvia atricapilla (III Ukraine) (population of Ukraine)

Eurasian blackcap

Sylvia borin (III Ukraine) (population of Ukraine)

Garden warbler

Sylvia curruca (III Ukraine) (population of Ukraine)

Lesser whitethroat

Sylvia nisoria (III Ukraine) (population of Ukraine)

Barred warbler

Terpsiphone bourbonnensis (III Mauritius)

Mascarene paradise-flycatcher

Turdus merula (III Ukraine) (population of Ukraine)

Eurasian blackbird

Turdus philomelos (III Ukraine) (population of Ukraine)

Song thrush

Oriolidae

Old-world orioles

Oriolus oriolus (III Ukraine) (population of Ukraine)

Eurasian golden oriole

Paradisaeidae

Birds of paradise

Paradisaeidae spp. (II)

Birds of paradise

Paridae

Tits and chickadees

Parus ater (III Ukraine) (population of Ukraine)

Coal tit

Pittidae

Pittas

Pitta guajana (II)

Banded pitta

Pitta gurneyi (I)

Gurney’s pitta

Pitta kochi (I)

Whiskered pitta

Pitta nympha (II)

Fairy pitta

Pycnonotidae

Bulbuls

Pycnonotus zeylanicus (I) (this inclusion shall enter into effect on 25 November 2023)

Pycnonotus zeylanicus (II) (until 24 November 2023)

Straw-headed bulbul

Sturnidae

Mynas

Gracula religiosa (II)

Hill myna

Leucopsar rothschildi (I)

Bali myna

Troglodytidae

Wrens

Troglodytes troglodytes (III Ukraine) (population of Ukraine)

Eurasian wren

Zosteropidae

White-eyes

Zosterops albogularis (I)

White-chested white-eye

PELECANIFORMES

Fregatidae

Frigatebirds

Fregata andrewsi (I)

Christmas frigatebird

Pelecanidae

Pelicans

Pelecanus crispus (I)

Dalmatian pelican

Sulidae

Boobies

Papasula abbotti (I)

Abbott’s booby

PICIFORMES

Capitonidae

Barbets

Semnornis ramphastinus (III Colombia)

Toucan barbet

Picidae

Woodpeckers

Dryocopus javensis richardsi (I)

Tristram’s woodpecker

Ramphastidae

Toucans

Baillonius bailloni (III Argentina)

Saffron toucanet

Pteroglossus aracari (II)

Black-necked aracari

Pteroglossus castanotis (III Argentina)

Chestnut-eared aracari

Pteroglossus viridis (II)

Green aracari

Ramphastos dicolorus (III Argentina)

Red-breasted toucan

Ramphastos sulfuratus (II)

Keel-billed toucan

Ramphastos toco (II)

Toco toucan

Ramphastos tucanus (II)

Red-billed toucan

Ramphastos vitellinus (II)

Channel-billed toucan

Selenidera maculirostris (III Argentina)

Spot-billed toucanet

PODICIPEDIFORMES

Podicipedidae

Grebes

Podilymbus gigas (I)

Atitlan Grebe

PROCELLARIIFORMES

Diomedeidae

Albatrosses

Phoebastria albatrus (II)

Short-tailed albatross

PSITTACIFORMES

Cockatoos, lories, macaws, parakeets, parrots etc.

PSITTACIFORMES spp. (II)

(Except for the species included in Annex A and excluding Agapornis roseicollis, Melopsittacus undulatus, Nymphicus hollandicus and Psittacula krameri, which are not included in the Annexes to this Regulation)

Parrots, etc.

Cacatuidae

Cockatoos

Cacatua goffiniana (I)

Tanimbar cockatoo

Cacatua haematuropygia (I)

Philippine cockatoo

Cacatua moluccensis (I)

Salmon-crested cockatoo

Cacatua sulphurea (I)

Yellow-crested cockatoo

Probosciger aterrimus (I)

Palm cockatoo

Loriidae

Lories, lorikeets

Eos histrio (I)

Red and blue lory

Vini spp. (I/II) (Vini ultramarina is listed in Appendix I, the other species are listed in Appendix II)

Blue lorikeets

Psittacidae

Amazons, macaws, parakeets, parrots

Amazona arausiaca (I)

Red-necked parrot

Amazona auropalliata (I)

Yellow-naped parrot

Amazona barbadensis (I)

Yellow-shouldered parrot

Amazona brasiliensis (I)

Red-tailed parrot

Amazona finschi (I)

Lilac-crowned parrot

Amazona guildingii (I)

St Vincent parrot

Amazona imperialis (I)

Imperial parrot

Amazona leucocephala (I)

Cuban parrot

Amazona oratrix (I)

Yellow-headed parrot

Amazona pretrei (I)

Red-spectacled parrot

Amazona rhodocorytha (I)

Red-browed parrot

Amazona tucumana (I)

Tucuman parrot

Amazona versicolor (I)

Saint Lucia parrot

Amazona vinacea (I)

Vinaceous parrot

Amazona viridigenalis (I)

Green-cheeked parrot

Amazona vittata (I)

Puerto Rican parrot

Anodorhynchus spp. (I)

Blue macaws

Ara ambiguus (I)

Great green macaw

Ara glaucogularis (I)

Blue-throated macaw

Ara macao (I)

Scarlet macaw

Ara militaris (I)

Military macaw

Ara rubrogenys (I)

Red-fronted macaw

Cyanopsitta spixii (I)

Spix’s macaw

Cyanoramphus cookii (I)

Norfolk Island parakeet

Cyanoramphus forbesi (I)

Chatham Island yellow-fronted parakeet

Cyanoramphus novaezelandiae (I)

Red-fronted parakeet

Cyanoramphus saisseti (I)

Red-crowned parakeet

Cyclopsitta diophthalma coxeni (I)

Coxen’s double-eyed fig parrot

Eunymphicus cornutus (I)

Horned parakeet

Guarouba guarouba (I)

Golden parakeet

Neophema chrysogaster (I)

Orange-bellied parrot

Ognorhynchus icterotis (I)

Yellow-eared parrot

Pezoporus flaviventris (I)

Western ground parrot

Pezoporus occidentalis (I)

Night parrot

Pezoporus wallicus (I)

Ground parrot

Pionopsitta pileata (I)

Pileated parrot

Primolius couloni (I)

Blue-headed macaw

Primolius maracana (I)

Blue-winged macaw

Psephotellus chrysopterygius (I)

Golden-shouldered parrot

Psephotellus dissimilis (I)

Hooded parrot

Psephotellus pulcherrimus (I)

Paradise parrot

Psittacula echo (I)

Mauritius parakeet

Psittacus erithacus (I)

African grey parrot

Pyrrhura cruentata (I)

Blue-throated parakeet

Rhynchopsitta spp. (I)

Thick-billed parrots

Strigops habroptilus (I)

Kakapo

RHEIFORMES

Rheidae

Rheas

Pterocnemia pennata (I) (Except Pterocnemia pennata pennata which is included in Annex B)

Lesser rhea

Pterocnemia pennata pennata (II)

Lesser rhea

Rhea americana (II)

Greater rhea

SPHENISCIFORMES

Spheniscidae

Penguins

Spheniscus demersus (II)

Jackass penguin

Spheniscus humboldti (I)

Humboldt penguin

STRIGIFORMES

Owls

STRIGIFORMES spp. (II) (Except for the species included in Annex A and except for Sceloglaux albifacies)

Owls

Strigidae

Owls

Aegolius funereus (II)

Boreal owl

Asio flammeus (II)

Short-eared owl

Asio otus (II)

Long-eared owl

Athene noctua (II)

Little owl

Bubo bubo (II) (Except for Bubo bubo bengalensis which is included in Annex B)

Eurasian eagle-owl

Glaucidium passerinum (II)

Eurasian pygmy-owl

Heteroglaux blewitti (I)

Forest owlet

Mimizuku gurneyi (I)

Lesser eagle-owl

Ninox natalis (I)

Christmas hawk-owl

Nyctea scandiaca (II)

Snowy owl

Otus ireneae (II)

Sokoke scops-owl

Otus scops (II)

Eurasian scops-owl

Strix aluco (II)

Tawny owl

Strix nebulosa (II)

Great grey owl

Strix uralensis (II) (Except for Strix uralensis davidi which is included in Annex B)

Ural owl

Surnia ulula (II)

Northern hawk owl

Tytonidae

Barn owls

Tyto alba (II)

Barn owl

Tyto soumagnei (I)

Soumagne’s owl

STRUTHIONIFORMES

Struthionidae

Ostrich

Struthio camelus (I) (Only the populations of Algeria, Burkina Faso, Cameroon, the Central African Republic, Chad, Mali, Mauritania, Morocco, the Niger, Nigeria, Senegal and the Sudan; all other populations are not included in the Annexes to this Regulation)

Ostrich

TINAMIFORMES

Tinamidae

Tinamous

Tinamus solitarius (I)

Solitary tinamou

TROGONIFORMES

Trogonidae

Quetzals

Pharomachrus mocinno (I)

Resplendent quetzal

REPTILIA

Reptiles

CROCODYLIA

Alligators, caimans, crocodiles

CROCODYLIA spp. (II) (Except for the species included in Annex A)

Alligators, caimans, crocodiles

Alligatoridae

Alligators, caimans

Alligator sinensis (I)

Chinese alligator

Caiman crocodilus apaporiensis (I)

Rio Apaporis spectacled caiman

Caiman latirostris (I) (Except for the population of Argentina, which is included in Annex B, and the population of Brazil, which is included in Annex B subject to a zero annual export quota for wild specimens traded for commercial purposes)

Broad-nosed caiman

Melanosuchus niger (I) (Except for the population of Brazil, which is included in Annex B, and population of Ecuador, which is included in Annex B and is subject to a zero annual export quota until an annual export quota has been approved by the CITES Secretariat and the IUCN/SSC Crocodile Specialist Group)

Black caiman

Crocodylidae

Crocodiles

Crocodylus acutus (I) (Except for the population of the Integrated Management District of Mangroves of the Bay of Cispata, Tinajones, La Balsa and Surrounding Areas, Department of Córdoba, Colombia, and the population of Cuba, which are included in Annex B, and the population of Mexico, which is included in Annex B and is subject to a zero export quota for wild specimens for commercial purposes)

American crocodile

Crocodylus cataphractus (I)

African slender-snouted crocodile

Crocodylus intermedius (I)

Orinoco crocodile

Crocodylus mindorensis (I)

Philippine crocodile

Crocodylus moreletii (I) (Except for the population of Belize, which is included in Annex B with a zero quota for wild specimens traded for commercial purposes, and the population of Mexico, which is included in Annex B)

Morelet’s crocodile

Crocodylus niloticus (I) (Except for the populations of Botswana, Egypt [subject to a zero quota for wild specimens traded for commercial purposes], Ethiopia, Kenya, Madagascar, Malawi, Mozambique, Namibia, South Africa, Uganda, the United Republic of Tanzania [subject to an annual export quota of no more than 1600 wild specimens including hunting trophies, in addition to ranched specimens], Zambia and Zimbabwe; these populations are included in Annex B)

Nile crocodile

Crocodylus palustris (I)

Mugger crocodile

Crocodylus porosus (I) (Except for the populations of Australia, Indonesia, Malaysia [wild harvest restricted to the State of Sarawak and a zero quota for wild specimens for the other States of Malaysia (Sabah and Peninsular Malaysia), with no change in the zero quota unless approved by the CITES Parties], Papua New Guinea, and the Philippines [population of the Palawan Islands only, subject to a zero annual export quota for wild specimens traded for commercial purposes] which are included in Annex B)

Estuarine crocodile

Crocodylus rhombifer (I)

Cuban crocodile

Crocodylus siamensis (I)

Siamese crocodile

Osteolaemus tetraspis (I)

West African dwarf crocodile

Tomistoma schlegelii (I)

False gharial

Gavialidae

Gavial or gharial

Gavialis gangeticus (I)

Gharial

RHYNCHOCEPHALIA

Sphenodontidae

Tuataras

Sphenodon spp. (I)

Tuataras

SAURIA

Agamidae

Spiny-tailed lizards (Agamas, mastigures)

Calotes ceylonensis (III Sri Lanka)

Painted-lip lizard

Calotes desilvai (III Sri Lanka)

Desilvas’ whistling lizard

Calotes liocephalus (III Sri Lanka)

Crestless lizard

Calotes liolepis (III Sri Lanka)

Whistling lizard

Calotes manamendrai (III Sri Lanka)

Manamendra-Arachchi’s whistling lizard

Calotes nigrilabris (III Sri Lanka)

Black-cheek lizard

Calotes pethiyagodai (III Sri Lanka)

Pethiyagoda’s crestless lizard

Ceratophora aspera (II) (Zero export quota for wild specimens for commercial purposes)

Rough-nosed horned lizard

Ceratophora erdeleni (I)

Erdelen’s horned lizard

Ceratophora karu (I)

Karu’s (horned) lizard

Ceratophora stoddartii (II) (Zero export quota for wild specimens for commercial purposes)

Rhino – horned lizard

Ceratophora tennentii (I)

Tennent’s leaf – nosed lizard

Cophotis ceylanica (I)

Pygmy lizards

Cophotis dumbara (I)

Knuckles pygmy lizard

Ctenophorus spp. (III Australia)

Intellagama spp. (III Australia)

Water dragons

Lyriocephalus scutatus (II) (Zero export quota for wild specimens for commercial purposes)

Hump-nosed lizard

Physignathus cocincinus (II)

Chinese water dragon

Saara spp. (II)

Tympanocryptis spp. (III Australia)

Earless dragons

Uromastyx spp. (II)

Spiny-tailed lizards

Anguidae

Alligator lizards

Abronia spp. (II) (except for the species included in Annex A. A zero export quota has been established for wild specimens for Abronia aurita, A. gaiophantasma, A. montecristoi, A. salvadorensis and A. vasconcelosii)

Alligator lizards

Abronia anzuetoi (I)

Abronia campbelli (I)

Abronia fimbriata (I)

Abronia frosti (I)

Abronia meledona (I)

Chamaeleonidae

Chameleons

Archaius spp. (II)

Bradypodion spp. (II)

Dwarf chameleons

Brookesia spp. (II) (Except for the species included in Annex A)

Dwarf chameleons

Brookesia perarmata (I)

Dwarf spiny chameleon

Calumma spp. (II)

Madagascar chameleons

Chamaeleo spp. (II) (Except for the species included in Annex A)

Chameleons

Chamaeleo chamaeleon (II)

European chameleon

Furcifer spp. (II)

Madagascar chameleons

Kinyongia spp. (II)

Dwarf chameleons

Nadzikambia spp. (II)

Dwarf chameleons

Palleon spp. (II)

Rhampholeon spp. (II)

Pygmy chamaeleons

Rieppeleon spp. (II)

Pygmy chamaeleons

Trioceros spp. (II)

Cordylidae

Spiny-tailed lizards

Cordylus spp. (II)

Girdled lizards

Hemicordylus spp. (II)

Karusaurus spp. (II)

Namazonurus spp. (II)

Ninurta spp. (II)

Ouroborus spp. (II)

Pseudocordylus spp. (II)

Smaug spp. (II)

Eublepharidae

Goniurosaurus spp. (II) (except the species native to Japan)

Tiger geckos

Goniurosaurus kuroiwae #18 (III Japan)

Kuroiwa’s eyelid gecko

Goniurosaurus orientalis #18 (III Japan)

Spotted ground gecko

Goniurosaurus sengokui #18 (III Japan)

Sengoku’s gecko

Goniurosaurus splendens #18 (III Japan)

Goniurosaurus toyamai #18 (III Japan)

Iheyajima leopard gecko

Goniurosaurus yamashinae #18 (III Japan)

Yamashina’s leopard gecko

Gekkonidae

Geckos

Carphodactylus spp. (III Australia)

Chamaeleon geckos

Cnemaspis psychedelica (I)

Psychedelic rock gecko

Cyrtodactylus jeyporensis (II)

Jeypore Indian gecko

Dactylocnemis spp. (III New Zealand)

Gekko gecko (II)

Tokay gecko

Gonatodes daudini (I)

Grenadines clawed gecko

Hoplodactylus spp. (III New Zealand)

Sticky-toed geckos

Lygodactylus williamsi (I)

Turquoise dwarf gecko

Mokopirirakau spp. (III New Zealand)

Nactus serpensinsula (II)

Serpent Island gecko

Naultinus spp. (II)

New Zealand tree geckos

Nephrurus spp. (III Australia)

Knob-tailed geckos

Orraya spp. (III Australia)

Paroedura androyensis (II)

Grandidier’s Madagascar ground gecko

Paroedura masobe (II)

Masobe gecko

Phelsuma spp. (II) (Except for the species included in Annex A)

Day geckos

Phelsuma guentheri (II)

Round Island day gecko

Phyllurus spp. (III Australia)

Leaf-tailed geckos

Rhoptropella spp. (II)

Saltuarius spp. (III Australia)

Leaf-tailed geckos

Sphaerodactylus armasi (III Cuba)

Guantanamo least gecko

Sphaerodactylus celicara (III Cuba)

Baracoan eyespot sphaero

Sphaerodactylus dimorphicus (III Cuba)

Sphaerodactylus intermedius (III Cuba)

Mantanzas least gecko

Sphaerodactylus nigropunctatus alayoi (III Cuba)

Sphaerodactylus nigropunctatus granti (III Cuba)

Sphaerodactylus nigropunctatus lissodesmus (III Cuba)

Sphaerodactylus nigropunctatus ocujal (III Cuba)

Sphaerodactylus nigropunctatus strategus (III Cuba)

Sphaerodactylus notatus atactus (III Cuba)

Sphaerodactylus oliveri (III Cuba)

Juventud least gecko

Sphaerodactylus pimienta (III Cuba)

Pepper sphaero

Sphaerodactylus ruibali (III Cuba)

Ruibal’s least gecko

Sphaerodactylus siboney (III Cuba)

Sphaerodactylus torrei (III Cuba)

Barbour’s least gecko

Strophurus spp. (III Australia)

Spiny-tailed geckos

Tarentola chazaliae (II)

Helmethead gecko

Toropuku spp. (III New Zealand)

Tukutuku spp. (III New Zealand)

Underwoodisaurus spp. (III Australia)

Thick-tailed geckos

Uroplatus spp. (II)

Flat-tailed geckos

Uvidicolus spp. (III Australia)

Thick-tailed geckos

Woodworthia spp. (III New Zealand)

Helodermatidae

Gila monster and beaded lizards

Heloderma spp. (II) (Except for the subspecies included in Annex A)

Gila monster and beaded lizards

Heloderma horridum charlesbogerti (I)

Guatemalan beaded lizard

Iguanidae

Iguanas

Amblyrhynchus cristatus (II)

Galapagos marine iguana

Brachylophus spp. (I)

Fiji iguanas

Conolophus spp. (II)

Galapagos land iguanas

Ctenosaura spp. (II)

Spiny-tailed iguanas

Cyclura spp. (I)

Ground iguanas

Iguana spp. (II)

Iguanas

Sauromalus varius (I)

San Esteban Island chuckwalla

Lacertidae

Lizards

Gallotia simonyi (I)

Hierro giant lizard

Podarcis lilfordi (II)

Lilford’s wall lizard

Podarcis pityusensis (II)

Ibiza wall lizard

Lanthanotidae

Lanthanotidae spp. (II) (A zero export quota has been established for wild specimens for commercial trade)

Earless monitor lizards

Phrynosomatidae

Phrynosoma spp. (II)

Horned lizards

Polychrotidae

Anoles

Anolis agueroi (III Cuba)

Anolis baracoae (III Cuba)

Anolis barbatus (III Cuba)

Anolis chamaeleonides (III Cuba)

Anolis equestris (III Cuba)

Anolis guamuhaya (III Cuba)

Anolis luteogularis (III Cuba)

Anolis pigmaequestris (III Cuba)

Anolis porcus (III Cuba)

Scincidae

Skinks

Corucia zebrata (II)

Prehensile-tailed skink

Egernia spp. (III Australia)

Tiliqua adelaidensis (I)

Pygmy blue-tongue lizard

Tiliqua multifasciata (III Australia)

Centralian blue-tongued lizard

Tiliqua nigrolutea (III Australia)

Blotched blue-tongued lizard

Tiliqua occipitalis (III Australia)

Western blue-tongued lizard

Tiliqua rugosa (III Australia)

Shingleback lizard

Tiliqua scincoides intermedia (III Australia)

Eastern blue-tongued lizard

Tiliqua scincoides scincoides (III Australia)

Eastern blue-tongued lizard

Teiidae

Caiman lizards, tegu lizards

Crocodilurus amazonicus (II)

Dragon lizard

Dracaena spp. (II)

Caiman lizards

Salvator spp. (II)

Tupinambis spp. (II)

Tegus

Varanidae

Monitor lizards

Varanus spp. (II) (Except for the species included in Annex A)

Monitor lizards

Varanus bengalensis (I)

Indian monitor

Varanus flavescens (I)

Yellow monitor

Varanus griseus (I)

Desert monitor

Varanus komodoensis (I)

Komodo dragon

Varanus nebulosus (I)

Clouded monitor

Varanus olivaceus (II)

Gray’s monitor

Xenosauridae

Chinese crocodile lizard

Shinisaurus crocodilurus (I)

Chinese crocodile lizard

SERPENTES

Snakes

Boidae

Boas

Boidae spp. (II) (Except for the species included in Annex A)

Boas

Acrantophis spp. (I)

Madagascar ground boas

Boa constrictor occidentalis (I)

Argentine boa constrictor

Chilabothrus monensis (I)

Virgin Island tree boa

Chilabothrus subflavus (I)

Jamaican boa

Eryx jaculus (II)

Spotted sand boa

Sanzinia madagascariensis (I)

Madagascar tree boa

Bolyeriidae

Round Island boas

Bolyeriidae spp. (II) (Except for the species included in Annex A)

Round Island boas

Bolyeria multocarinata (I)

Round Island boa

Casarea dussumieri (I)

Round Island keel-scaled boa

Colubridae

Typical snakes, water snakes, whip snakes

Atretium schistosum (III India)

Olive keel-back

Cerberus rynchops (III India)

Dog-faced water snake

Clelia clelia (II)

Mussurana

Cyclagras gigas (II)

False cobra

Elachistodon westermanni (II)

Indian egg-eating snake

Ptyas mucosus (II)

Common rat snake

Xenochrophis piscator (III India)

Checkered keel-back

Xenochrophis schnurrenbergeri (III India)

Xenochrophis tytleri (III India)

Elapidae

Cobras, coral snakes

Hoplocephalus bungaroides (II)

Broad-headed snake

Micrurus diastema (III Honduras)

Atlantic coral snake

Micrurus nigrocinctus (III Honduras)

Central American coral snake

Micrurus ruatanus (III Honduras)

Naja atra (II)

Chinese spitting cobra

Naja kaouthia (II)

Monocellate cobra

Naja mandalayensis (II)

Burmese spitting cobra

Naja naja (II)

Indian cobra

Naja oxiana (II)

Central Asian cobra

Naja philippinensis (II)

North Philippine spitting cobra

Naja sagittifera (II)

Andaman cobra

Naja samarensis (II)

South-east Philippine spitting cobra

Naja siamensis (II)

Indochinese spitting cobra

Naja sputatrix (II)

South Indonesian spitting cobra

Naja sumatrana (II)

Golden spitting cobra

Ophiophagus hannah (II)

King cobra

Loxocemidae

Mexican dwarf boa

Loxocemidae spp. (II)

Mexican dwarf boa

Pythonidae

Pythons

Pythonidae spp. (II) (Except for the species included in Annex A)

Pythons

Python molurus (I)

Indian python

Tropidophiidae

Wood boas

Tropidophiidae spp. (II)

Wood boas

Viperidae

Vipers

Atheris desaixi (II)

Mt. Kenya bush viper

Bitis worthingtoni (II)

Kenya horned viper

Crotalus durissus (III Honduras) (Except for the subspecies which is listed in Annex B)

Neotropical rattlesnake

Crotalus durissus unicolor

Aruba rattlesnake

Daboia palaestinae (III Israel)

(this inclusion shall enter into effect on 4 May 2023)

Palestine viper

Daboia russelii (III India)

Russell’s viper

Montivipera wagneri (II)

Wagner’s viper

Protobothrops mangshanensis (II)

Mangshan pit-viper

Pseudocerastes urarachnoides (II)

Spider-tailed horned viper

Vipera latifii

Latifi’s viper

Vipera ursinii (I) (Only the population of Europe, except the area which formerly constituted the USSR; these latter populations are not included in the Annexes to this Regulation)

Orsini’s viper

TESTUDINES

Carettochelyidae

Pig-nosed turtles

Carettochelys insculpta (II)

Pig-nosed turtle

Chelidae

Austro-American sideneck turtles

Chelodina mccordi (II) (A zero annual export quota has been established for specimens removed from the wild)

Roti snake-necked turtle

Chelus fimbriatus (II) (includes Chelus orinocensis)

Matamata turtle

Pseudemydura umbrina (I)

Western swamp turtle

Cheloniidae

Sea turtles

Cheloniidae spp. (I)

Sea turtles

Chelydridae

Snapping turtles

Chelydra serpentina (II)

Common snapping turtle

Macrochelys temminckii (II)

Alligator snapping turtle

Dermatemydidae

Central American river turtle

Dermatemys mawii (II)

Central American river turtle

Dermochelyidae

Leatherback turtle

Dermochelys coriacea (I)

Leatherback turtle

Emydidae

Box turtles, freshwater turtles

Chrysemys picta (Only live specimens)

Painted turtle

Clemmys guttata (II)

Spotted turtle

Emydoidea blandingii (II)

Blanding’s turtle

Emys orbicularis (III Ukraine) (population of Ukraine)

European pond turtle

Glyptemys insculpta (II)

Wood turtle

Glyptemys muhlenbergii (I)

Bog turtle

Graptemys spp. (III United States of America) (Except for the species included in Annex B)

Map turtles

Graptemys barbouri (II)

Barbour’s map turtle

Graptemys ernsti (II)

Escambia map turtle

Graptemys gibbonsi (II)

Pascagoula map turtle

Graptemys pearlensis (II)

Pearl River map turtle

Graptemys pulchra (II)

Alabama map turtle

Malaclemys terrapin (II)

Diamondback terrapin

Terrapene spp. (II) (Except for the species included in Annex A)

Box turtles

Terrapene coahuila (I)

Aquatic box turtle

Geoemydidae

Batagur affinis (I)

Southern river terrapin

Batagur baska (I)

Batagur

Batagur borneoensis (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes)

Batagur dhongoka (II)

Batagur kachuga (I)

Batagur trivittata (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes)

Cuora spp. (II) (Except the species included in Annex A, a zero annual export quota has been established for Cuora aurocapitata, C. flavomarginata, C. mccordi, C. mouhotii, C. pani, C. trifasciata, C. yunnanensis and C. zhoui for specimens removed from the wild and traded for commercial purposes)

Asian box turtles

Cuora bourreti (I)

Bourret’s box turtle

Cuora galbinifrons (I)

Indochinese box turtle

Cuora picturata (I)

Southern Vietnamese box turtle

Cyclemys spp. (II)

Asian leaf turtles

Geoclemys hamiltonii (I)

Black pond turtle

Geoemyda japonica (II)

Ryukyu black-breasted leaf turtle

Geoemyda spengleri (II)

Black-breasted leaf turtle

Hardella thurjii (II)

Crowned river turtle

Heosemys annandalii (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes)

Yellow-headed temple turtle

Heosemys depressa (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes)

Arakan forest turtle

Heosemys grandis (II)

Giant Asian turtle

Heosemys spinosa (II)

Spiny turtle

Leucocephalon yuwonoi (II)

Sulawesi forest turtle

Malayemys khoratensis (II)

Khorat snail-eating turtle

Malayemys macrocephala (II)

Snail-eating turtle

Malayemys subtrijuga (II)

Ricefield turtle

Mauremys annamensis (I)

Annam pond turtle

Mauremys iversoni (III China)

Fujian pond turtle

Mauremys japonica (II)

Japanese pond turtle

Mauremys megalocephala (III China)

Big-headed pond turtle

Mauremys mutica (II)

Yellow pond turtle

Mauremys nigricans (II)

Red-necked pond turtle

Mauremys pritchardi (III China)

Pritchard’s pond turtle

Mauremys reevesii (III China)

Reeves’s turtle

Mauremys sinensis (III China)

Chinese stripe-necked turtle

Melanochelys tricarinata (I)

Three-keeled land tortoise

Melanochelys trijuga (II)

Indian black turtle

Morenia ocellata (I)

Burmese swamp turtle

Morenia petersi (II)

Indian eyed turtle

Notochelys platynota (II)

Malayan flat-shelled turtle

Ocadia glyphistoma (III China)

Notch-mouthed stripe-necked turtle

Ocadia philippeni (III China)

Philippen’s stripe-necked turtle

Orlitia borneensis (II) (A zero annual export quota has been established for specimens removed from the wild and traded for commercial purposes)

Malayan giant turtle

Pangshura spp. (II) (Except for the species included in Annex A)

Roofed turtles

Pangshura tecta (I)

Indian roofed turtle

Rhinoclemmys spp. (II)

Neotropical wood turtles

Sacalia bealei (II)

Beal’s eyed turtle

Sacalia pseudocellata (III China)

Chinese false-eyed turtle

Sacalia quadriocellata (II)

Four-eyed turtle

Siebenrockiella crassicollis (II)

Black marsh turtle

Siebenrockiella leytensis (II)

Philippine pond turtle

Vijayachelys silvatica (II)

Cochin forest cane turtle

Kinosternidae

Claudius angustatus (II)

Narrow-bridged musk turtle

Kinosternon spp. (II) (Except for the species included in Annex A)

Mud turtles

Kinosternon cora (I)

Cora mud turtle

Kinosternon vogti (I)

Vallarta mud turtle

Staurotypus salvinii (II)

Giant musk turtle

Staurotypus triporcatus (II)

Mexican musk turtle

Sternotherus spp. (II)

Musk turtles

Platysternidae

Big-headed turtles

Platysternidae spp. (I)

Big-headed turtles

Podocnemididae

Afro-American sideneck turtles

Erymnochelys madagascariensis (II)

Madagascar sideneck turtle

Peltocephalus dumerilianus (II)

Big-headed sideneck turtle

Podocnemis spp. (II)

Sideneck turtles

Testudinidae

Tortoises

Testudinidae spp. (II) (Except for the species included in Annex A; a zero annual export quota has been established for Centrochelys sulcata for specimens removed from the wild and traded for primarily commercial purposes)

Tortoises

Astrochelys radiata (I)

Radiated tortoise

Astrochelys yniphora (I)

Angonoka

Chelonoidis niger (I)

Galapagos giant tortoise

Geochelone elegans (I)

Star tortoise

Geochelone platynota (I)

Burmese star tortoise

Gopherus flavomarginatus (I)

Bolson tortoise

Malacochersus tornieri (I)

Pancake tortoise

Psammobates geometricus (I)

Geometric tortoise

Pyxis arachnoides (I)

Madagascar spider tortoise

Pyxis planicauda (I)

Madagascar flat-shelled tortoise

Testudo graeca (II)

Spur-thighed tortoise

Testudo hermanni (II)

Hermann’s tortoise

Testudo kleinmanni (I)

Egyptian tortoise

Testudo marginata (II)

Marginated tortoise

Trionychidae

Softshell turtles, terrapins

Amyda cartilaginea (II)

Southeast Asian soft-shelled turtle

Apalone spp. (II) (Except for the subspecies included in Annex A)

Softshell turtles

Apalone spinifera atra (I)

Cuatro Cienagas soft-shell turtle

Chitra spp. (II) (Except for the species included in Annex A)

Narrow-headed softshell turtles

Chitra chitra (I)

Asian narrow-headed softshell

Chitra vandijki (I)

Burmese narrow-headed softshell

Cyclanorbis elegans (II)

Nubian flapshelll turtle

Cyclanorbis senegalensis (II)

Senegal flapshell turtle

Cycloderma aubryi (II)

Aubrys flapshelll turtle

Cycloderma frenatum (II)

Zambezi flapshell turtle

Dogania subplana (II)

Malayan soft-shelled turtle

Lissemys ceylonensis (II)

Sri Lankan flapshell turtle

Lissemys punctata (II)

Indo-Gangetic flapshell turtle

Lissemys scutata (II)

Burmese flapshell turtle

Nilssonia formosa (II)

Burmese peacock softshell

Nilssonia gangetica (I)

Indian soft-shell turtle

Nilssonia hurum (I)

Peacock soft-shell turtle

Nilssonia leithii (I)

Leith’s softshell turtle

Nilssonia nigricans (I)

Black soft-shell turtle

Palea steindachneri (II)

Wattle-necked softshell turtle

Pelochelys spp. (II)

Giant softshell turtles

Pelodiscus axenaria (II)

Hunan softshell turtle

Pelodiscus maackii (II)

Amur softshell turtle

Pelodiscus parviformis (II)

Lesser Chinese softshell turtle

Rafetus euphraticus (II)

Euphrates softshell turtle

Rafetus swinhoei (II)

Yangtze softshell turtle

Trionyx triunguis (II)

Nile softshell turtle

AMPHIBIA

Amphibians

ANURA

Frogs and toads

Aromobatidae

Cryptic forest frogs

Allobates femoralis (II)

Brilliant-thighed poison frog

Allobates hodli (II)

Allobates myersi (II)

Myers’ poison frog

Allobates zaparo (II)

Sanguine poison frog

Anomaloglossus rufulus (II)

Chimanta poison frog

Bufonidae

Toads

Altiphrynoides spp. (I)

Malcolm’s Ethiopian toad

Atelopus zeteki (I)

Golden frog

Incilius periglenes (I)

Golden toad

Nectophrynoides spp. (I)

African viviparous toads

Nimbaphrynoides spp. (I)

Nimba toads

Sclerophrys channingi (I)

Channing’s toad

Sclerophrys superciliaris (I)

Cameroon toad

Calyptocephalellidae

Calyptocephalella gayi (III Chile)

Chilean helmeted water toad

Centrolenidae

Glass frogs

Centrolenidae spp. (II)

Conrauidae

Frogs

Conraua goliath

Goliath frog

Dendrobatidae

Poison frogs

Adelphobates spp. (II)

Ameerega spp. (II)

Andinobates spp. (II)

Dendrobates spp. (II)

Poison-arrow frogs

Epipedobates spp. (II)

Poison-arrow frogs

Excidobates spp. (II)

Hyloxalus azureiventris (II)

Sky-blue poison frog

Minyobates spp. (II)

Demonic poison frogs

Oophaga spp. (II)

Paruwrobates andinus (II)

Paruwrobates erythromos (II)

Phyllobates spp. (II)

Poison-arrow frogs

Ranitomeya spp. (II)

Dicroglossidae

Frogs

Euphlyctis hexadactylus (II)

Six-fingered frog

Hoplobatrachus tigerinus (II)

Tiger frog

Hylidae

Tree frogs

Agalychnis annae (II)

Blue-sided leaf frog

Agalychnis callidryas (II)

Red-eyed tree frog

Agalychnis lemur (II) (zero annual export quota for wild-taken specimens traded for commercial purposes)

Lemur leaf frog

Agalychnis moreletii (II)

Morelet’s leaf frog

Agalychnis saltator (II)

Misfit leaf frog

Agalychnis spurrelli (II)

Gliding leaf frog

Agalychnis terranova (II)

Mantellidae

Mantella frogs

Mantella spp. (II)

Mantella frogs

Microhylidae

Tomato frogs

Dyscophus antongilii (II)

Tomato frog

Dyscophus guineti (II)

False tomato frog

Dyscophus insularis (II)

Antsouhy tomato frog

Scaphiophryne boribory (II)

Green marbled burrowing frog

Scaphiophryne gottlebei (II)

Red rain frog

Scaphiophryne marmorata (II)

Green marbled burrowing frog

Scaphiophryne spinosa (II)

Green marbled burrowing frog

Myobatrachidae

Gastric brooding frogs

Rheobatrachus spp. (II) (Except for Rheobatrachus silus and Rheobatrachus vitellinus which are not included in the Annexes)

Gastric brooding frog

Telmatobiidae

Water frogs

Telmatobius culeus (I)

Titicaca water frog

CAUDATA

Ambystomatidae

Axolotls

Ambystoma dumerilii (II)

Lake Patzcuaro salamander

Ambystoma mexicanum (II)

Axolotl

Cryptobranchidae

Giant salamanders

Andrias spp. (I)

Giant salamanders

Cryptobranchus alleganiensis (III United States of America)

Hellbender

Hynobiidae

Asiatic salamanders

Hynobius amjiensis (III China)

Salamandridae

Salamanders and newts

Echinotriton andersoni #18 (III Japan)

Anderson’s Newt

Echinotriton chinhaiensis (II)

Chinhai spiny newt

Echinotriton maxiquadratus (II)

Mountain spiny newt

Laotriton laoensis (II) (zero annual export quota for wild-taken specimens traded for commercial purposes)

Lao warty newt

Neurergus kaiseri (I)

Kaiser’s spotted newt

Paramesotriton spp. (II)

Asian warty newts

Salamandra algira (III Algeria)

Tylototriton spp. (II)

Crocodile newts

ELASMOBRANCHII

Sharks and rays

CARCHARHINIFORMES

Carcharhinidae

Requiem sharks

Carcharhinidae spp. (II) (this inclusion shall enter into effect on 25 November 2023)

Carcharhinus falciformis (II) (until 24 November 2023)

Silky shark

Carcharhinus longimanus (II) (until 24 November 2023)

Oceanic whitetip shark

Sphyrnidae

Hammerhead sharks

Sphyrnidae spp. (II)

LAMNIFORMES

Alopiidae

Thresher sharks

Alopias spp. (II)

Thresher sharks

Cetorhinidae

Basking sharks

Cetorhinus maximus (II)

Basking shark

Lamnidae

Mackerel sharks

Carcharodon carcharias (II)

Great white shark

Isurus oxyrinchus (II)

Shortfin mako

Isurus paucus (II)

Longfin mako

Lamna nasus (II)

Porbeagle

MYLIOBATIFORMES

Myliobatidae

Mobula spp. (II)

Devil rays

Potamotrygonidae

Freshwater stingrays

Paratrygon aiereba (III Colombia)

Discus ray

Potamotrygon albimaculata (II)

Potamotrygon spp. (III Brazil) (populations of Brazil) (those species not listed in Annex B)

Potamotrygon constellata (III Colombia)

Thorny river stingray

Potamotrygon henlei (II)

Bigtooth river stingray

Potamotrygon jabuti (II)

Black diamond stingray

Potamotrygon leopoldi (II)

Xingu river ray

Potamotrygon magdalenae (III Colombia)

Magdalena river stingray

Potamotrygon marquesi (II)

Potamotrygon motoro (III Colombia)

Ocellate river stingray

Potamotrygon orbignyi (III Colombia)

Smooth back river stingray

Potamotrygon schroederi (III Colombia)

Rosette river stingray

Potamotrygon scobina (III Colombia)

Raspy river stingray

Potamotrygon signata (II)

Parnaiba river stingray

Potamotrygon wallacei (II)

Cururu stingray

Potamotrygon yepezi (III Colombia)

Maracaibo river stingray

ORECTOLOBIFORMES

Rhincodontidae

Whale sharks

Rhincodon typus (II)

Whale shark

RHINOPRISTIFORMES

Pristidae

Sawfishes

Pristidae spp. (I)

Sawfishes

Glaucostegidae

Giant guitarfishes

Glaucostegus spp. (II)

Giant guitarfish

Rhinidae

Wedgefishes

Rhinidae spp. (II)

Wedgefishes

Rhinobatidae

Rhinobatidae spp. (II)

Guitarfish

ACTINOPTERI

Fish

ACIPENSERIFORMES

ACIPENSERIFORMES spp. (II) (Except for the species included in Annex A)

Sturgeons and paddlefish

Acipenseridae

Sturgeons

Acipenser brevirostrum (I)

Shortnose sturgeon

Acipenser sturio (I)

Common sturgeon

ANGUILLIFORMES

Anguillidae

Freshwater eels

Anguilla anguilla (II)

European eel

CYPRINIFORMES

Catostomidae

Cui-ui

Chasmistes cujus (I)

Cui-ui

Cyprinidae

Blind carps, plaeesok

Caecobarbus geertsii (II)

African blind barb fish

Probarbus jullieni (I)

Ikan temoleh

OSTEOGLOSSIFORMES

Arapaimas, bonytongues

Arapaimidae

Arapaima gigas (II)

Arapaima

Osteoglossidae

Bonytongues

Scleropages formosus (I)

Asian arowana

Scleropages inscriptus (I)

PERCIFORMES

Labridae

Wrasses

Cheilinus undulatus (II)

Humphead wrasse

Pomacanthidae

Holacanthus clarionensis (II)

Clarion angelfish

Holacanthus limbaughi (III France)

Clipperton angelfish

Sciaenidae

Totoabas

Totoaba macdonaldi (I)

Totoaba

SILURIFORMES

Pangasiidae

Pangasid catfish

Pangasianodon gigas (I)

Giant catfish

Loricariidae

Armoured catfishes

Hypancistrus zebra (II) (with a zero export quota for wild specimens for commercial purposes)

Zebra pleco

SYNGNATHIFORMES

Syngnathidae

Pipefishes, seahorses

Hippocampus spp. (II)

Seahorses

DIPNEUSTI

Lungfishes

CERATODONTIFORMES

Neoceratodontidae

Australian lungfishes

Neoceratodus forsteri (II)

Australian lungfish

COELACANTHI

Coelacanths

COELACANTHIFORMES

Latimeriidae

Coelacanths

Latimeria spp. (I)

Coelacanths

ECHINODERMATA (STARFISH, BRITTLE STARS, SEA URCHINS AND SEA CUCUMBERS)

HOLOTHUROIDEA

Sea cucumbers

ASPIDOCHIROTIDA

Stichopodidae

Sea cucumbers

Isostichopus fuscus (III Ecuador)

Brown sea cucumber

Thelenota spp. (II) (This inclusion shall enter into effect on 25 May 2024)

HOLOTHURIIDA

Holothuriidae

Teatfishes, sea cucumbers

Holothuria fuscogilva (II)

Teatfísh

Holothuria nobilis (II) (

Holothuria whitmaei (II)

ARTHROPODA (ARTHROPODS)

ARACHNIDA

Spiders and scorpions

ARANEAE

Theraphosidae

Red-kneed tarantulas, tarantulas

Aphonopelma pallidum (II)

Chihuahua rose-grey tarantula

Brachypelma spp. (II)

Central American tarantulas

Caribena versicolor (III European Union)

Antilles pinktoe tarantula

Poecilotheria spp. (II)

Ornamental spiders

Sericopelma angustum (II)

Sericopelma embrithes (II)

Tliltocatl spp. (II)

North American tarantulas

SCORPIONES

Scorpionidae

Scorpions

Pandinus camerounensis (II)

Pandinus dictator (II)

Pandinus gambiensis (II)

Giant Senegalese scorpion

Pandinus imperator (II)

Emperor scorpion

Pandinus roeseli (II)

INSECTA

Insects

COLEOPTERA

Beetles

Lucanidae

Stag beetles

Colophon spp. (III South Africa)

Cape stag beetles

Scarabaeidae

Scarab beetles

Dynastes satanas (II)

Satanas beetle

LEPIDOPTERA

Butterflies

Nymphalidae

Agrias amydon boliviensis (III Bolivia)

Morpho godartii lachaumei (III Bolivia)

Prepona praeneste buckleyana (III Bolivia)

Papilionidae

Birdwing and swallowtail butterflies

Achillides chikae chikae (I)

Luzon peacock swallowtail

Achillides chikae hermeli (I)

Mindoro peacock swallowtail

Atrophaneura jophon (II)

Sri Lankan rose

Atrophaneura palu

Palu swallowtail butterfly

Atrophaneura pandiyana (II)

Malabar rose

Bhutanitis spp. (II)

Swallowtail butterflies

Graphium sandawanum

Apo swallowtail butterfly

Graphium stresemanni

Seram swallowtail

Ornithoptera spp. (II) (Except for the species included in Annex A)

Birdwing butterflies

Ornithoptera alexandrae (I)

Queen Alexandra’s birdwing

Papilio benguetanus

Papilio esperanza

Papilio homerus (I)

Homerus swallowtail

Papilio hospiton (II)

Corsican swallowtail

Papilio morondavana

Madagascan emperor swallowtail

Papilio neumoegeni

Papilio phorbanta (III European Union) (This inclusion shall enter into effect on 21 May 2023.)

Small Réunion swallowtail

Parides ascanius

Fluminense swallowtail butterfly

Parides hahneli

Hahnel’s amazonian swallowtail butterfly

Parides burchellanus (I)

Riverside swallowtail

Parnassius apollo (II)

Mountain apollo

Teinopalpus spp. (II)

Kaiser-I-Hind butterflies

Trogonoptera spp. (II)

Birdwing butterflies

Troides spp. (II)

Birdwing butterflies

ANNELIDA (SEGMENTED WORMS AND LEECHES)

HIRUDINOIDEA

Leeches

ARHYNCHOBDELLIDA

Hirudinidae

Leeches

Hirudo medicinalis (II)

Northern medicinal leech

Hirudo verbana (II)

Southern medicinal leech

MOLLUSCA (MOLLUSCS)

BIVALVIA

Bivalve molluscs (clams, mussels etc.)

MYTILOIDA

Mytilidae

Marine mussels

Lithophaga lithophaga (II)

European date mussel

UNIONOIDA

Unionidae

Freshwater mussels, pearly mussels

Conradilla caelata (I)

Birdwing pearly mussel

Cyprogenia aberti (II)

Western fanshell mussel

Dromus dromas (I)

Dromedary pearly mussel

Epioblasma curtisii (I)

Curtis’ pearly mussel

Epioblasma florentina (I)

Yellow-blossom pearly mussel

Epioblasma sampsonii (I)

Wabash riffleshell

Epioblasma sulcata perobliqua (I)

White catspaw mussel

Epioblasma torulosa gubernaculum (I)

Green-blossom pearly mussel

Epioblasma torulosa rangiana (II)

Northern riffleshell

Epioblasma torulosa torulosa (I)

Turbercled-blossom pearly mussel

Epioblasma turgidula (I)

Turgid-blossom pearly mussel

Epioblasma walkeri (I)

Tan riffleshell

Fusconaia cuneolus (I)

Fine-rayed pigtoe pearly mussel

Fusconaia edgariana (I)

Shiny pigtoe pearly mussel

Lampsilis higginsii (I)

Higgins’ eye pearly mussel

Lampsilis orbiculata orbiculata (I)

Pink mucket pearly mussel

Lampsilis satur (I)

Sandback pocketbook mussel

Lampsilis virescens (I)

Alabama lamp pearly mussel

Plethobasus cicatricosus (I)

White warty-back pearly mussel

Plethobasus cooperianus (I)

Orange-footed pimpleback mussel

Pleurobema clava (II)

Clubshell pearly mussel

Pleurobema plenum (I)

Rough pigtoe pearly mussel

Potamilus capax (I)

Fat pocketbook pearly mussel

Quadrula intermedia (I)

Cumberland monkey-face pearly mussel

Quadrula sparsa (I)

Appalachian monkey-face pearly mussel

Toxolasma cylindrella (I)

Pale lilliput pearly mussel

Unio nickliniana (I)

Nicklin’s pearly mussel

Unio tampicoensis tecomatensis (I)

Tampico pearly mussel

Villosa trabalis (I)

Cumberland bean pearly mussel

VENEROIDA

Tridacnidae

Giant clams

Tridacnidae spp. (II)

Giant clams

CEPHALOPODA

NAUTILIDA

Nautilidae

Nautilus

Nautilidae spp. (II)

Nautilus

GASTROPODA

Slugs, snails and conches

MESOGASTROPODA

Strombidae

Conches

Strombus gigas (II)

Queen conch

STYLOMMATOPHORA

Achatinellidae

Agate snails, oahu tree snails

Achatinella spp. (I)

Little agate shells

Camaenidae

Green tree snail

Papustyla pulcherrima (II)

Manus green tree snail

Cepolidae

Polymita spp. (I)

Cuban landsnails

CNIDARIA (CORALS, FIRE CORALS, SEA ANEMONES)

ANTHOZOA

Corals, sea anemones

ANTIPATHARIA

ANTIPATHARIA spp. (II)

Black corals

GORGONACEAE

Coralliidae

Red and pink corals

Corallium elatius (III China)

Corallium japonicum (III China)

Corallium konjoi (III China)

Corallium secundum (III China)

HELIOPORACEA

Helioporidae

Blue coral

Helioporidae spp. (II) (Includes only the species Heliopora coerulea) (6)

Blue coral

SCLERACTINIA

SCLERACTINIA spp. (II) (6)

Stony corals

STOLONIFERA

Tubiporidae

Organpipe corals

Tubiporidae spp. (II) (6)

Organpipe corals

HYDROZOA

Sea ferns, fire corals, stinging medusas

MILLEPORINA

Milleporidae

Wello fire corals

Milleporidae spp. (II) (6)

Wello fire corals

STYLASTERINA

Stylasteridae

Lace corals

Stylasteridae spp. (II) (6)

Lace corals

FLORA

AGAVACEAE

Agaves

Agave parviflora (I)

Santa Cruz striped agave

Agave victoriae-reginae (II) #4

Queen Victoria agave

Nolina interrata (II)

Dehesa bear-grass

Yucca queretaroensis (II)

Queretaro yucca

AIZOACEAE

Conophytum spp. (III South Africa)

Mestoklema tuberosum (III South Africa)

AMARYLLIDACEAE

Amaryllids

Galanthus spp. (II) #4

Snowdrops

Sternbergia spp. (II) #4

Sternbergias

ANACARDIACEAE

Operculicarya decaryi (II)

Jabihy

Operculicarya hyphaenoides (II)

Jabihy

Operculicarya pachypus (II)

Tabily

APOCYNACEAE

Hoodia spp. (II) #9

Hoodia

Pachypodium spp. (II) (Except for the species included in Annex A) #4

Elephant trunks

Pachypodium ambongense (I)

Pachypodium baronii (I)

Pachypodium decaryi (I)

Pachypodium windsorii (I)

Raphionacme zeyheri (III South Africa)

Rauvolfia serpentina (II) #2

Snake-root devil-pepper

ARALIACEAE

Aralias

Panax ginseng (II) (Only the population of the Russian Federation; no other population is included in the Annexes to this Regulation) #3

Asian ginseng

Panax quinquefolius (II) #3

American ginseng

ARAUCARIACEAE

Araucarias

Araucaria araucana (I)

Monkey-puzzle tree

ASPARAGACEAE

Beaucarnea spp. (II)

Ponytail palm

BERBERIDACEAE

Barberries

Podophyllum hexandrum (II) #2

Himalayan may-apple

BIGNONIACEAE

Bignonias, trumpet trees

Handroanthus spp. (II) #17 (This inclusion shall enter into effect on 25 November 2024)

Roseodendron spp. (II) #17 (This inclusion shall enter into effect on 25 November 2024)

Tabebuia spp. (II) #17 (This inclusion shall enter into effect on 25 November 2024)

BROMELIACEAE

Air plants, bromelias

Tillandsia harrisii (II) #4

Harris’ tillandsia

Tillandsia kammii (II) #4

Kamm’s tillandsia

Tillandsia xerographica (II) (7) #4

Xerographic tillandsia

CACTACEAE

Cacti

CACTACEAE spp. (II) (Except for the species included in Annex A and Pereskia spp., Pereskiopsis spp. and Quiabentia spp.) (8) #4

Cacti

Ariocarpus spp. (I)

Living rock cacti

Astrophytum asterias (I)

Star cactus

Aztekium ritteri (I)

Aztec cactus

Coryphantha werdermannii (I)

Jobali pincushion cactus

Discocactus spp. (I)

Discocacti

Echinocereus ferrerianus ssp. lindsayorum (I)

Lindsay’s hedgehog cacti

Echinocereus schmollii (I)

Lamb’s-tail cactus

Escobaria minima (I)

Nelle’s cactus

Escobaria sneedii (I)

Sneed’s pincushion cactus

Mammillaria pectinifera (I) (includes ssp. solisioides)

Conchilinque

Melocactus conoideus (I)

Conelike Turk’s-cap cactus

Melocactus deinacanthus (I)

Wonderfully-bristled Turk’s cap cactus

Melocactus glaucescens (I)

Woolly waxy-stemmed Turk’s-cap cactus

Melocactus paucispinus (I)

Few-spined Turk’s-cap cactus

Obregonia denegrii (I)

Artichoke cactus

Pachycereus militaris (I)

Grenadier’s cap

Pediocactus bradyi (I)

Brady’s pincushion cactus

Pediocactus knowltonii (I)

Knowlton’s cactus

Pediocactus paradinei (I)

Houserock valley cactus

Pediocactus peeblesianus (I)

Peebles’s Navajo cactus

Pediocactus sileri (I)

Siler’s pincushion cactus

Pelecyphora spp. (I)

Pine cane cactus

Sclerocactus blainei (I)

Blaine’s fishhook cactus

Sclerocactus brevihamatus ssp. tobuschii (I)

Tobusch fishhook cactus

Sclerocactus brevispinus (I)

Pariette cactus

Sclerocactus cloverae (I)

New Mexico fishhook cactus

Sclerocactus erectocentrus (I)

Needle-spined pineapple cactus

Sclerocactus glaucus (I)

Colorado hookless cactus

Sclerocactus mariposensis (I)

Mariposa cactus

Sclerocactus mesae-verdae (I)

Mesa Verde cactus

Sclerocactus nyensis (I)

Tonopah fishook cactus

Sclerocactus papyracanthus (I)

Grama-grass cactus

Sclerocactus pubispinus (I)

Great-Basin fishhook cactus

Sclerocactus sileri (I)

Siler’s fishhook cactus

Sclerocactus wetlandicus (I)

Unita Basin hookless cactus

Sclerocactus wrightiae (I)

Wright’s fishhook cactus

Strombocactus spp. (I)

Peyote

Turbinicarpus spp. (I)

Turbinicarps

Uebelmannia spp. (I)

Uebelmann cacti

CARYOCARACEAE

Ajos

Caryocar costaricense (II) #4

Ajillo

COMPOSITAE (ASTERACEAE)

Asters, daisies, costus

Crassothonna clavifolia (III South Africa)

Othonna armiana (III South Africa)

Othonna cacalioides (III South Africa)

Othonna euphorbioides (III South Africa)

Othonna retrorsa (III South Africa)

Saussurea costus (I) (also known as S. lappa, Aucklandia lappa or A. costus)

Costus

CRASSULACEAE

Rhodiola spp. (II) #2

Roseroots, rhodiolas, golden root

Tylecodon bodleyae (III South Africa)

Tylecodon nolteei (III South Africa)

Tylecodon reticulatus (III South Africa)

CUCURBITACEAE

Zygosicyos pubescens (II) (also known as Xerosicyos pubescens)

Tobory

Zygosicyos tripartitus (II)

Betoboky

CUPRESSACEAE

Cypresses

Fitzroya cupressoides (I)

Alerce

Pilgerodendron uviferum (I)

Pilgerodendron

Widdringtonia whytei (II)

Mulanje cedar

CYATHEACEAE

Tree ferns

Cyathea spp. (II) #4

Tree ferns

CYCADACEAE

Cycads

CYCADACEAE spp. (II) (Except for the species included in Annex A) #4

Cycads

Cycas beddomei (I)

Beddome’s cycad

DICKSONIACEAE

Tree ferns

Cibotium barometz (II) #4

Dicksonia spp. (II) (Only the populations of the Americas; no other populations are included in the Annexes to this Regulation. This includes the synonyms Dicksonia berteriana, D. externa, D. sellowiana and D. stuebelii) #4

Tree ferns

DIDIEREACEAE

Didiereas

DIDIEREACEAE spp. (II) #4

Alluaudias, didiereas

DIOSCOREACEAE

Yams

Dioscorea deltoidea (II) #4

Elephant’s foot

DROSERACEAE

Sundews

Dionaea muscipula (II) #4

Venus fly-trap

EBENACEAE

Ebonies

Diospyros spp. (II) (Only the populations of Madagascar; no other population is included in the Annexes to this Regulation) #5

EUPHORBIACEAE

Spurges

Euphorbia spp. (II) #4

(Succulent species only except for:

(1)

Euphorbia misera;

| (2) | artificially propagated specimens of cultivars of Euphorbia trigona; |
| --- | --- |

(2)

artificially propagated specimens of cultivars of Euphorbia trigona;

| (3) | artificially propagated specimens of Euphorbia lactea grafted on artificially propagated root stock of Euphorbia neriifolia, when they are:


  — | crested, or |
| --- | --- | --- |

(3)

artificially propagated specimens of Euphorbia lactea grafted on artificially propagated root stock of Euphorbia neriifolia, when they are:

—

crested, or

| — | fan-shaped, or |
| --- | --- |

—

fan-shaped, or

| — | colour mutants; |
| --- | --- |

—

colour mutants;

| (4) | artificially propagated specimens of cultivars of Euphorbia‘Milii’ when they are:


  — | readily recognisable as artificially propagated specimens, and |
| --- | --- | --- |

(4)

artificially propagated specimens of cultivars of Euphorbia‘Milii’ when they are:

—

readily recognisable as artificially propagated specimens, and

| — | introduced into or (re-)exported from the Union in shipments of 100 or more plants; |
| --- | --- |

—

introduced into or (re-)exported from the Union in shipments of 100 or more plants;

which are not subject to this Regulation, and

| (5) | the species included in Annex A) |
| --- | --- |

(5)

the species included in Annex A)

Euphorbias

Euphorbia ambovombensis (I)

Euphorbia capsaintemariensis (I)

Euphorbia cremersii (I) (Includes the forma viridifolia and the var. rakotozafyi)

Euphorbia cylindrifolia (I) (Includes the ssp. tuberifera)

Euphorbia decaryi (I) (Includes the vars. ampanihyensis, robinsonii and sprirosticha)

Euphorbia francoisii (I)

Euphorbia handiensis (II)

Euphorbia lambii (II)

Euphorbia moratii (I) (Includes the vars. antsingiensis, bemarahensis and multiflora)

Euphorbia parvicyathophora (I)

Euphorbia quartziticola (I)

Euphorbia stygiana (II)

Euphorbia tulearensis (I)

FAGACEAE

Beeches, oaks

Quercus mongolica (III Russian Federation) #5

Mongolian oak

FOUQUIERIACEAE

Ocotillos, boojums

Fouquieria columnaris (II) #4

Boojum tree

Fouquieria fasciculata (I)

Arbol del barril

Fouquieria purpusii (I)

GERANIACEAE

Monsonia herrei (III South Africa)

Fine-leaved candle bush

Monsonia multifida (III South Africa)

Red-throat dwarf candle bush

Monsonia patersonii (III South Africa)

Pelargonium crassicaule (III South Africa)

Pelargonium triste (III South Africa)

GNETACEAE

Joint firs

Gnetum montanum (III Nepal) #1

JUGLANDACEAE

Walnuts, gavilan

Oreomunnea pterocarpa (II) #4

Gavilàn

LAURACEAE

Aniba rosaeodora (II) (also known as A. duckei) #12

Brazilian rosewood

LEGUMINOSAE

(FABACEAE)

Legumes

Afzelia spp. (II) (African populations) #17

Dalbergia spp. (II) (Except for the species included in Annex A) #15

Dalbergia nigra (I)

Brazilian rosewood

Dipteryx spp. (II) #17 (This inclusion shall enter into effect on 25 November 2024)

Dipteryx panamensis (III Costa Rica/Nicaragua) (until 24 November 2024)

Cumaru, Brazilian teak, Tonka bean

Guibourtia demeusei (II) #15

Red bubinga

Guibourtia pellegriniana (II) #15

Rose bubinga, kevazingo

Guibourtia tessmannii (II) #15

Rose bubinga, kevazingo

Paubrasilia echinata (II) #10

Brazil wood

Pericopsis elata (II) #17

Afrormosia

Platymiscium parviflorum (II) #4

Quira macawood

Pterocarpus santalinus (II) #7

Red sandalwood

Pterocarpus spp. (II) (African populations) #17

Senna meridionalis (II)

Taraby

LILIACEAE

Lilies

Aloe spp. (II) (Except for the species included in Annex A and Aloe vera, also known as Aloe barbadensis, which is not included in the Annexes) #4

Aloes

Aloe albida (I)

Aloe albiflora (I)

Aloe alfredii (I)

Aloe bakeri (I)

Aloe bellatula (I)

Aloe calcairophila (I)

Aloe compressa (I) (Includes the vars. paucituberculata, rugosquamosa and schistophila)

Aloe delphinensis (I)

Aloe descoingsii (I)

Aloe fragilis (I)

Aloe haworthioides (I) (Includes the var. aurantiaca)

Aloe helenae (I)

Aloe laeta (I) (Includes the var. maniaensis)

Aloe parallelifolia (I)

Aloe parvula (I)

Aloe pillansii (I)

Aloe polyphylla (I)

Aloe rauhii (I)

Aloe suzannae (I)

Aloe versicolor (I)

Aloe vossii (I)

MAGNOLIACEAE

Magnolias

Magnolia liliifera var. obovata (III Nepal) #1

Safan

MALVACEAE

Adansonia grandidieri (II) #16

Grandidier’s baobab

MELIACEAE

Mahoganies, cedars

Cedrela spp. (II) #6 (Populations of the Neotropics)

Spanish cedar

Khaya spp. (II) (African populations) #17

African mahogany

Swietenia humilis (II) #4

Honduras mahogany

Swietenia macrophylla (II) (Population of the Neotropics – includes Central and South America and the Caribbean) #6

Big-leaf mahogany

Swietenia mahagoni (II) #5

Caribbean mahogany

NEPENTHACEAE

Pitcher plants (old-world)

Nepenthes spp. (II) (Except for the species included in Annex A) #4

Tropical pitcher plants

Nepenthes khasiana (I)

Indian pitcher plant

Nepenthes rajah (I)

Giant tropical pitcher plant

OLEACEAE

Olives, ashes

Fraxinus mandshurica (III Russian Federation) #5

Manchurian ash

ORCHIDACEAE

Orchids

ORCHIDACEAE spp. (II) (Except for the species included in Annex A) (9) #4

Orchids

For all of the following Annex A orchid species, seedling or tissue cultures are not subject to this Regulation, when:

| — | they are obtained in vitro, and |
| --- | --- |

—

they are obtained in vitro, and

| — | meet the definition of ‘artificially propagated’ in accordance with Article 56 of Commission Regulation (EC) No 865/2006 (10), and |
| --- | --- |

—

meet the definition of ‘artificially propagated’ in accordance with Article 56 of Commission Regulation (EC) No 865/2006 (10), and

| — | when introduced into or (re-)exported from the Union are transported in sterile containers |
| --- | --- |

—

when introduced into or (re-)exported from the Union are transported in sterile containers

Aerangis ellisii (I)

Cattleya jongheana (I)

Cattleya lobata (I)

Cephalanthera cucullata (II)

Hooded helleborine

Cypripedium calceolus (II)

Lady’s slipper orchid

Dendrobium cruentum (I)

Goodyera macrophylla (II)

Madeiran lady’s-tresses

Liparis loeselii (II)

Fen orchid

Mexipedium xerophyticum (I)

Ophrys argolica (II)

Eyed bee orchid

Ophrys lunulata (II)

Crescent ophrys

Orchis scopulorum (II)

Madeiran orchid

Paphiopedilum spp. (I)

Asian slipper orchids

Peristeria elata (I)

Holy ghost orchid

Phragmipedium spp. (I)

South American slipper orchids

Renanthera imschootiana (I)

Red vanda

Spiranthes aestivalis (II)

Summer lady’s-tresses

OROBANCHACEAE

Broomrapes

Cistanche deserticola (II) #4

Desert cistanche

PALMAE

(ARECACEAE)

Palms

Beccariophoenix madagascariensis (II) #4

Manarano

Dypsis decaryi (II) #4

Triangle palm

Dypsis decipiens (I)

Butterfly palm

Lemurophoenix halleuxii (II)

Hovitra varimena

Lodoicea maldivica (III Seychelles) #13

Coco de Mer

Marojejya darianii (II)

Ravimbe

Ravenea louvelii (II)

Lakamarefo

Ravenea rivularis (II)

Gora

Satranala decussilvae (II)

Satranabe

Voanioala gerardii (II)

Voanioala

PAPAVERACEAE

Poppies

Meconopsis regia (III Nepal) #1

Himalayan poppy

PASSIFLORACEAE

Adenia firingalavensis (II)

Bottle liana

Adenia olaboensis (II)

Vahisasety

Adenia spinosa (III South Africa)

Spiny greenstem

Adenia subsessilifolia (II)

Katakata

PEDALIACEAE

Pedalium family

Uncarina grandidieri (II)

Uncarina

Uncarina stellulifera (II)

Uncarina

PINACEAE

Pine family

Abies guatemalensis (I)

Guatemalan fir

Pinus koraiensis (III Russian Federation) #5

PODOCARPACEAE

Podocarps

Podocarpus neriifolius (III Nepal) #1

Yellow wood

Podocarpus parlatorei (I)

Parlatore’s podocarp

PORTULACACEAE

Portulacas, purslanes

Anacampseros spp. (II) #4

Purslanes

Avonia spp. (II) #4

Lewisia serrata (II) #4

Saw-toothed lewisia

Portulacaria pygmaea (III South Africa)

Pygmy porkbush

PRIMULACEAE

Primulas, cyclamens

Cyclamen spp. (II) (11) #4

Cyclamens

RANUNCULACEAE

Buttercups

Adonis vernalis (II) #2

Yellow adonis

Hydrastis canadensis (II) #8

Golden seal

ROSACEAE

Roses, cherries

Prunus africana (II) #4

African cherry

RUBIACEAE

Ayugue

Balmea stormiae (I)

Ayugue

SANTALACEAE

Osyris lanceolata (II) (Only the populations of Burundi, Ethiopia, Kenya, Rwanda, Uganda and the United Republic of Tanzania; no other population is included in the Annexes) #2

East African sandalwood

SARRACENIACEAE

Pitcher plants (new world)

Sarracenia spp. (II) (Except for the species included in Annex A) #4

Pitcher plants

Sarracenia oreophila (I)

Green pitcher plant

Sarracenia rubra ssp. alabamensis (I)

Alabama canebrake pitcher plant

Sarracenia rubra ssp. jonesii (I)

Mountain sweet pitcher plant

SCROPHULARIACEAE

Figworts

Picrorhiza kurrooa (II) (excludes Picrorhiza scrophulariiflora) #2

Indian gentian

STANGERIACEAE

Stangerias (cycads)

Bowenia spp. (II) #4

Cycads

Stangeria eriopus (I)

Stangeria

TAXACEAE

Yews

Taxus chinensis and infraspecific taxa of this species (II) #2

Chinese yew

Taxus cuspidata and infraspecific taxa of this species (II) (12) #2

Japanese yew

Taxus fuana and infraspecific taxa of this species (II) #2

Tibetan yew

Taxus sumatrana and infraspecific taxa of this species (II) #2

Sumatran yew

Taxus wallichiana (II) #2

Himalayan yew

THYMELAEACEAE

(AQUILARIACEAE)

Agarwood, ramin

Aquilaria spp. (II) #14

Agarwood

Gonystylus spp. (II) #4

Ramin

Gyrinops spp. (II) #14

Agarwood

TROCHODENDRACEAE

(TETRACENTRACEAE)

Tetracentrons

Tetracentron sinense (III Nepal) #1

VALERIANACEAE

Valerians

Nardostachys grandiflora (II) #2

VITACEAE

Cyphostemma elephantopus (II)

Lazampasika

Cyphostemma laza (II)

Laza

Cyphostemma montagnacii (II)

Lazambohitra

WELWITSCHIACEAE

Welwitschias

Welwitschia mirabilis (II) #4

Welwitschia

ZAMIACEAE

Cycads

ZAMIACEAE spp. (II) (Except for the species included in Annex A) #4

Cycads

Ceratozamia spp. (I)

Horncones

Encephalartos spp. (I)

Bread palms

Microcycas calocoma (I)

Palm corcho

Zamia restrepoi (I)

ZINGIBERACEAE

Ginger lilies

Hedychium philippinense (II) #4

Philippine garland-flower

Siphonochilus aethiopicus (II) (Populations of Mozambique, Eswatini, South Africa and Zimbabwe)

Natal ginger

ZYGOPHYLLACEAE

Lignum-vitae

Bulnesia sarmientoi (II) #11

Holy wood

Guaiacum spp. (II) #2

Lignum-vitae

| | Annex D | Common name |
| --- | --- | --- |
| FAUNA |
| CHORDATA (CHORDATES) |
| MAMMALIA | | Mammals |
| CARNIVORA | | |
| Canidae | | Dogs, foxes, wolves |
| | Vulpes vulpes griffithi (III India) §1 | Red fox |
| | Vulpes vulpes montana (III India) §1 | Red fox |
| | Vulpes vulpes pusilla (III India) §1 | Red fox |
| Mustelidae | | Badgers, martens, weasels etc. |
| | Mustela altaica (III India) §1 | Mountain weasel |
| | Mustela erminea ferghanae (III India) §1 | Stoat |
| | Mustela kathiah (III India) §1 | Yellow-bellied weasel |
| | Mustela sibirica (III India) §1 | Siberian weasel |
| AVES | | Birds |
| ANSERIFORMES | | |
| Anatidae | | Ducks, geese, swans |
| | Anas melleri | Meller’s duck |
| | | |
| | | |
| REPTILIA | | Reptiles |
| SAURIA | | |
| Agamidae | | |
| | Otocryptis wiegmanni | Wiegmann’s Agama |
| Cordylidae | | Spiny-tail lizards |
| | Platysaurus imperator | Emperor flat lizard |
| Gekkonidae | | Geckos |
| | Rhacodactylus auriculatus | New Caledonia bumpy gecko |
| | Rhacodactylus ciliatus | Guichenot’s giant gecko |
| | Rhacodactylus leachianus | New Caledonia giant gecko |
| | | |
| | Teratoscincus scincus (Includes Teratoscincus scincus rustamowi, T. s. keyserlingii and T. s. scincus) | Common wonder gecko |
| Gerrhosauridae | | Plated lizards |
| | Tracheloptychus petersi | Malagasy plated lizard |
| | Zonosaurus karsteni | Karsten’s girdled lizard |
| | Zonosaurus maximus | Southeastern girdled lizard |
| | Zonosaurus quadrilineatus | Four-lined girdled lizard |
| Scincidae | | Skinks |
| | Tribolonotus gracilis | Crocodile skink |
| | Tribolonotus novaeguineae | New Guinea helmet skink |
| SERPENTES | | |
| Colubridae | | Typical snakes, water snakes, whip snakes |
| | Elaphe carinata §1 | Taiwan stink snake |
| | Elaphe radiata §1 | Radiated rat snake |
| | Elaphe taeniura §1 | Taiwan beauty snake |
| | Enhydris bocourti §1 | Bocourt’s water snake |
| | Homalopsis spp. §1 | Masked water snake |
| | Langaha nasuta | Northern leafnose snake |
| | Leioheterodon madagascariensis | Madagascar menarana snake |
| | Ptyas korros §1 | Indochinese rat snake |
| | | |
| Hydrophiidae | | Sea snakes |
| | Lapemis curtus (Includes Lapemis hardwickii) §1 | Shaw’s sea snake |
| Viperidae | | Vipers |
| | | |
| | Pseudocerastes spp., except for the species, which is listed in Annex B | False horned vipers |
| AMPHIBIA | | |
| ANURA | | Frogs and toads |
| Bufonidae | | |
| | Atelopus spp., except for the species listed in Annex A | Harlequin toads |
| Dicroglossidae | | Frogs |
| | Limnonectes macrodon | Fanged River Frog or Javan Giant Frog |
| Hylidae | | Tree frogs |
| | Phyllomedusa sauvagii | Waxy monkey tree frog |
| Leptodactylidae | | Neotropical frogs |
| | Leptodactylus laticeps | Red spotted burrow frog |
| Ranidae | | Frogs |
| | Pelophylax shqipericus | Albanian pool frog |
| CAUDATA | | |
| Hynobiidae | | Asiatic salamanders |
| | Ranodon sibiricus | Semirechensk salamander/Central Asian salamander/Siberian salamander |
| Plethodontidae | | Lungless salamanders |
| | Bolitoglossa dofleini | Giant palm salamander |
| Salamandridae | | Newts and salamanders |
| | Cynops ensicauda | Sword-tailed newt |
| ACTINOPTERYGII | | Fish |
| PERCIFORMES | | |
| Apogonidae | | |
| | Pterapogon kauderni | Banggai cardinalfish |
| | | |
| MOLLUSCA (MOLLUSCS) |
| GASTROPODA | | |
| Haliotidae | | |
| | Haliotis midae | Midas ear abalone |
| FLORA |
| AGAVACEAE | | Agaves |
| | | |
| | Dasylirion longissimum | Beargrass |
| ARACEAE | | Arums |
| | Arisaema dracontium | Green dragon |
| | Arisaema erubescens | |
| | Arisaema galeatum | |
| | Arisaema nepenthoides | |
| | Arisaema sikokianum | |
| | Arisaema thunbergii var. urashima | |
| | Arisaema tortuosum | |
| | | |
| | | |
| BIGNONIACEAE | | |
| | Handroanthus spp. §5 (until 24 November 2024)

  Tabebuia spp. §5 (until 24 November 2024)

  Roseodendron spp. §5 (until 24 November 2024) | Trumpet trees |
| BURSERACEAE | | Burseras |
| | Aucoumea klaineana §5

  Boswellia spp. §4 | Gabon mahogany |
| COMPOSITAE (ASTERACEAE) | | Asters, daisies, costus |
| | Arnica montana §2 | Mountain tobacco |
| | Othonna clavifolia | |
| | Othonna herrei | |
| ERICACEAE | | Heathers, rhododendrons |
| | Arctostaphylos uva-ursi §2 | Bearberry |
| GENTIANACEAE | | Gentians |
| | Gentiana lutea §2 | Great yellow gentian |
| LEGUMINOSAE | | Legumes |
| | Dipteryx spp. §5 (except D. panamensis) (until 24 November 2024) | Camaru |
| | Millettia stuhlmannii §5 | Panga-panga |
| | Pterocarpus macrocarpus §4 | Burma padauk |
| LILIACEAE | | Wakerobins |
| | Trillium pusillum | Dwarf wakerobin |
| | Trillium rugelii | Ill-scented wakerobin |
| | Trillium sessile | Sessile-flowered wakerobin wood-lily |
| LYCOPODIACEAE | | Clubmosses |
| | Lycopodium clavatum §2 | Stagshorn clubmoss |
| MELIACEAE | | Mahoganies, cedars |
| | | |
| | | |
| | | |
| | | |
| | Entandrophragma cylindricum §5 | Sapele mahogany |
| MENYANTHACEAE | | Bogbeans |
| | Menyanthes trifoliata §2 | Bogbean |
| PARMELIACEAE | | Parmelioid lichens |
| | Cetraria islandica §2 | Icelandic moss |
| PASSIFLORACEAE | | Desert roses |
| | Adenia glauca | Desert rose |
| | Adenia pechuelli | Desert rose |
| PEDALIACEAE | | Sesame, devil’s claw |
| | Harpagophytum spp. §2 | Devil’s claw |
| | | |
| | | |
| | | |
| SANTALACEAE | | Sandalwoods |
| | Okoubaka aubrevillei §2 | Death tree |
| SAPOTACEAE | | Sapodillas |
| | Baillonella toxisperma §5 | Moabi |
| SELAGINELLACEAE | | Clubmosses, spikemosses |
| | Selaginella lepidophylla | Rose of Jericho |

Annex D

Common name

FAUNA

CHORDATA (CHORDATES)

MAMMALIA

Mammals

CARNIVORA

Canidae

Dogs, foxes, wolves

Vulpes vulpes griffithi (III India) §1

Red fox

Vulpes vulpes montana (III India) §1

Red fox

Vulpes vulpes pusilla (III India) §1

Red fox

Mustelidae

Badgers, martens, weasels etc.

Mustela altaica (III India) §1

Mountain weasel

Mustela erminea ferghanae (III India) §1

Stoat

Mustela kathiah (III India) §1

Yellow-bellied weasel

Mustela sibirica (III India) §1

Siberian weasel

AVES

Birds

ANSERIFORMES

Anatidae

Ducks, geese, swans

Anas melleri

Meller’s duck

REPTILIA

Reptiles

SAURIA

Agamidae

Otocryptis wiegmanni

Wiegmann’s Agama

Cordylidae

Spiny-tail lizards

Platysaurus imperator

Emperor flat lizard

Gekkonidae

Geckos

Rhacodactylus auriculatus

New Caledonia bumpy gecko

Rhacodactylus ciliatus

Guichenot’s giant gecko

Rhacodactylus leachianus

New Caledonia giant gecko

Teratoscincus scincus (Includes Teratoscincus scincus rustamowi, T. s. keyserlingii and T. s. scincus)

Common wonder gecko

Gerrhosauridae

Plated lizards

Tracheloptychus petersi

Malagasy plated lizard

Zonosaurus karsteni

Karsten’s girdled lizard

Zonosaurus maximus

Southeastern girdled lizard

Zonosaurus quadrilineatus

Four-lined girdled lizard

Scincidae

Skinks

Tribolonotus gracilis

Crocodile skink

Tribolonotus novaeguineae

New Guinea helmet skink

SERPENTES

Colubridae

Typical snakes, water snakes, whip snakes

Elaphe carinata §1

Taiwan stink snake

Elaphe radiata §1

Radiated rat snake

Elaphe taeniura §1

Taiwan beauty snake

Enhydris bocourti §1

Bocourt’s water snake

Homalopsis spp. §1

Masked water snake

Langaha nasuta

Northern leafnose snake

Leioheterodon madagascariensis

Madagascar menarana snake

Ptyas korros §1

Indochinese rat snake

Hydrophiidae

Sea snakes

Lapemis curtus (Includes Lapemis hardwickii) §1

Shaw’s sea snake

Viperidae

Vipers

Pseudocerastes spp., except for the species, which is listed in Annex B

False horned vipers

AMPHIBIA

ANURA

Frogs and toads

Bufonidae

Atelopus spp., except for the species listed in Annex A

Harlequin toads

Dicroglossidae

Frogs

Limnonectes macrodon

Fanged River Frog or Javan Giant Frog

Hylidae

Tree frogs

Phyllomedusa sauvagii

Waxy monkey tree frog

Leptodactylidae

Neotropical frogs

Leptodactylus laticeps

Red spotted burrow frog

Ranidae

Frogs

Pelophylax shqipericus

Albanian pool frog

CAUDATA

Hynobiidae

Asiatic salamanders

Ranodon sibiricus

Semirechensk salamander/Central Asian salamander/Siberian salamander

Plethodontidae

Lungless salamanders

Bolitoglossa dofleini

Giant palm salamander

Salamandridae

Newts and salamanders

Cynops ensicauda

Sword-tailed newt

ACTINOPTERYGII

Fish

PERCIFORMES

Apogonidae

Pterapogon kauderni

Banggai cardinalfish

MOLLUSCA (MOLLUSCS)

GASTROPODA

Haliotidae

Haliotis midae

Midas ear abalone

FLORA

AGAVACEAE

Agaves

Dasylirion longissimum

Beargrass

ARACEAE

Arums

Arisaema dracontium

Green dragon

Arisaema erubescens

Arisaema galeatum

Arisaema nepenthoides

Arisaema sikokianum

Arisaema thunbergii var. urashima

Arisaema tortuosum

BIGNONIACEAE

Handroanthus spp. §5 (until 24 November 2024)

Tabebuia spp. §5 (until 24 November 2024)

Roseodendron spp. §5 (until 24 November 2024)

Trumpet trees

BURSERACEAE

Burseras

Aucoumea klaineana §5

Boswellia spp. §4

Gabon mahogany

COMPOSITAE (ASTERACEAE)

Asters, daisies, costus

Arnica montana §2

Mountain tobacco

Othonna clavifolia

Othonna herrei

ERICACEAE

Heathers, rhododendrons

Arctostaphylos uva-ursi §2

Bearberry

GENTIANACEAE

Gentians

Gentiana lutea §2

Great yellow gentian

LEGUMINOSAE

Legumes

Dipteryx spp. §5 (except D. panamensis) (until 24 November 2024)

Camaru

Millettia stuhlmannii §5

Panga-panga

Pterocarpus macrocarpus §4

Burma padauk

LILIACEAE

Wakerobins

Trillium pusillum

Dwarf wakerobin

Trillium rugelii

Ill-scented wakerobin

Trillium sessile

Sessile-flowered wakerobin wood-lily

LYCOPODIACEAE

Clubmosses

Lycopodium clavatum §2

Stagshorn clubmoss

MELIACEAE

Mahoganies, cedars

Entandrophragma cylindricum §5

Sapele mahogany

MENYANTHACEAE

Bogbeans

Menyanthes trifoliata §2

Bogbean

PARMELIACEAE

Parmelioid lichens

Cetraria islandica §2

Icelandic moss

PASSIFLORACEAE

Desert roses

Adenia glauca

Desert rose

Adenia pechuelli

Desert rose

PEDALIACEAE

Sesame, devil’s claw

Harpagophytum spp. §2

Devil’s claw

SANTALACEAE

Sandalwoods

Okoubaka aubrevillei §2

Death tree

SAPOTACEAE

Sapodillas

Baillonella toxisperma §5

Moabi

SELAGINELLACEAE

Clubmosses, spikemosses

Selaginella lepidophylla

Rose of Jericho

---

(1)  Directive 2009/147/EC of the European Parliament and of the Council of 30 November 2009 on the conservation of wild birds (OJ L 20, 26.1.2010, p. 7).

1

(2)  Council Directive 92/43/EEC of 21 May 1992 on the conservation of natural habitats and of wild fauna and flora (OJ L 206, 22.7.1992, p. 7).

2

(3)  For the exclusive purpose of allowing international trade in fibre from vicuñas (Vicugna vicugna) and their derivative products, only if the fibre comes from the shearing of live vicuñas. Trade in products derived from the fibre may only take place in accordance with the following provisions:

3

Vicugna vicugna

| a) | Any person or entity processing vicuña fibre to manufacture cloth and garments must request authorization from the relevant authorities of the country of origin [Countries of origin: The countries where the species occurs, that is, Argentina, Bolivia, Chile, Ecuador and Peru] to use the “vicuña country of origin” wording, mark or logo adopted by the range States of the species that are signatories to the Convention for the Conservation and Management of the Vicuña. |
| --- | --- |

a)

Any person or entity processing vicuña fibre to manufacture cloth and garments must request authorization from the relevant authorities of the country of origin [Countries of origin: The countries where the species occurs, that is, Argentina, Bolivia, Chile, Ecuador and Peru] to use the “vicuña country of origin” wording, mark or logo adopted by the range States of the species that are signatories to the Convention for the Conservation and Management of the Vicuña.

| b) | Marketed cloth or garments must be marked or identified in accordance with the following provisions:


  i) | For international trade in cloth made from live-sheared vicuña fibre, whether the cloth was produced within or outside of the range States of the species, the wording, mark or logo must be used so that the country of origin can be identified. The VICUÑA [COUNTRY OF ORIGIN] wording, mark or logo has the format as detailed below:


  This wording, mark or logo must appear on the reverse side of the cloth. In addition, the selvages of the cloth must bear the words VICUÑA [COUNTRY OF ORIGIN]. |
| --- | --- | --- |

b)

Marketed cloth or garments must be marked or identified in accordance with the following provisions:

i)

For international trade in cloth made from live-sheared vicuña fibre, whether the cloth was produced within or outside of the range States of the species, the wording, mark or logo must be used so that the country of origin can be identified. The VICUÑA [COUNTRY OF ORIGIN] wording, mark or logo has the format as detailed below:

cloth

Image 1

This wording, mark or logo must appear on the reverse side of the cloth. In addition, the selvages of the cloth must bear the words VICUÑA [COUNTRY OF ORIGIN].

| ii) | For international trade in garments made from live-sheared vicuña fibre, whether the garments were produced within or outside of the range States of the species, the wording, mark or logo indicated in paragraph b) i) must be used. This wording, mark or logo must appear on a label in the garment itself. If the garments are produced outside of the country of origin, the name of the country where the garment was produced shall also be indicated, in addition to the wording, mark or logo referred to in paragraph b) i). |
| --- | --- |

ii)

For international trade in garments made from live-sheared vicuña fibre, whether the garments were produced within or outside of the range States of the species, the wording, mark or logo indicated in paragraph b) i) must be used. This wording, mark or logo must appear on a label in the garment itself. If the garments are produced outside of the country of origin, the name of the country where the garment was produced shall also be indicated, in addition to the wording, mark or logo referred to in paragraph b) i).

garments

| c) | For international trade in handicraft products made from live-sheared vicuña fibre produced within the range States of the species, the VICUÑA [COUNTRY OF ORIGIN] – ARTESANÍA wording, mark or logo must be used as detailed below: |
| --- | --- |

c)

For international trade in handicraft products made from live-sheared vicuña fibre produced within the range States of the species, the VICUÑA [COUNTRY OF ORIGIN] – ARTESANÍA wording, mark or logo must be used as detailed below:

Image 2

| d) | If live-sheared vicuña fibre from various countries of origin is used for the production of cloth and garments, the wording, mark or logo of each of the countries of origin of the fibre must be indicated, as detailed in paragraphs b) i) and ii). |
| --- | --- |

d)

If live-sheared vicuña fibre from various countries of origin is used for the production of cloth and garments, the wording, mark or logo of each of the countries of origin of the fibre must be indicated, as detailed in paragraphs b) i) and ii).

| e) | All other specimens shall be deemed to be specimens of species listed in Appendix I and the trade in them shall be regulated accordingly. |
| --- | --- |

e)

All other specimens shall be deemed to be specimens of species listed in Appendix I and the trade in them shall be regulated accordingly.

(4)  All species are listed in Appendix II to the Convention except Balaena mysticetus, Eubalaena spp., Balaenoptera acutorostrata (except population of West Greenland), Balaenoptera bonaerensis, Balaenoptera borealis, Balaenoptera edeni, Balaenoptera musculus, Balaenoptera omurai, Balaenoptera physalus, Megaptera novaeangliae, Orcaella brevirostris, Orcaella heinsohni, Sotalia spp., Sousa spp., Eschrichtius robustus, Lipotes vexillifer, Caperea marginata, Neophocaena asiaeorientalis, Neophocaena phocaenoides, Phocoena sinus, Physeter macrocephalus, Platanista spp., Berardius spp., Hyperoodon spp., which are listed in Appendix I. Specimens of the species listed in Appendix II to the Convention, including products and derivatives other than meat products for commercial purposes, taken by the people of Greenland under licence granted by the competent authority concerned, shall be treated as belonging to Annex B. A zero annual export quota is established for live specimens from the Black Sea population of Tursiops truncatus removed from the wild and traded for primarily commercial purposes.

4

Balaena mysticetus, Eubalaena

., Balaenoptera acutorostrata

Balaenoptera bonaerensis, Balaenoptera borealis, Balaenoptera edeni, Balaenoptera musculus, Balaenoptera omurai, Balaenoptera physalus, Megaptera novaeangliae, Orcaella brevirostris, Orcaella heinsohni, Sotalia

Sousa

Eschrichtius robustus, Lipotes vexillifer, Caperea marginata, Neophocaena asiaeorientalis, Neophocaena phocaenoides, Phocoena sinus, Physeter macrocephalus, Platanista

Berardius

., Hyperoodon

.,

Tursiops truncatus

(5)  
  Populations of Botswana, Namibia, South Africa and Zimbabwe (listed in Annex B):

5

Populations of Botswana, Namibia, South Africa and Zimbabwe (listed in Annex B

For the exclusive purpose of allowing: (a) trade in hunting trophies for non-commercial purposes; (b) trade in live animals to appropriate and acceptable destinations as defined in Resolution Conf. 11.20 (Rev. CoP18) for Botswana and Zimbabwe and for in situ conservation programmes for Namibia and South Africa; (c) trade in hides; (d) trade in hair; (e) trade in leather goods for commercial or non-commercial purposes for Botswana, Namibia and South Africa and for non-commercial purposes for Zimbabwe; (f) trade in individually marked and certified Ekipas incorporated in finished jewellery for non-commercial purposes for Namibia and ivory carvings for non-commercial purposes for Zimbabwe; (g) trade in registered raw ivory (for Botswana, Namibia, South Africa and Zimbabwe whole tusks and pieces) subject to the following: (i) only registered government-owned stocks, originating in the State (excluding seized ivory and ivory of unknown origin); (ii) only to trading partners that have been verified by the Secretariat, in consultation with the Standing Committee, to have sufficient national legislation and domestic trade controls to ensure that the imported ivory will not be re-exported and will be managed in accordance with all requirements of Resolution Conf. 10.10 (Rev. CoP18) concerning domestic manufacturing and trade; (iii) not before the Secretariat has verified the prospective importing countries and the registered government-owned stocks; (iv) raw ivory pursuant to the conditional sale of registered government-owned ivory stocks agreed at CoP12 which are 20,000 kg (Botswana), 10,000 kg (Namibia) and 30,000 kg (South Africa); (v) in addition to the quantities agreed at CoP12, government-owned ivory from Botswana, Namibia, South Africa and Zimbabwe registered by 31 January 2007 and verified by the Secretariat may be traded and despatched, with the ivory in paragraph (g)(iv) above in a single sale per destination under strict supervision of the Secretariat; (vi) the proceeds of the trade are used exclusively for elephant conservation and community conservation and development programmes within or adjacent to the elephant range; and (vii) the additional quantities specified in paragraph (g)(v) above shall be traded only after the Standing Committee has agreed that the above conditions have been met; (h) no further proposals to allow trade in elephant ivory from populations already in Annex B shall be submitted to the Conference of the Parties for the period from CoP14 and ending nine years from the date of the single sale of ivory that is to take place in accordance with provisions in paragraphs (g)(i), (g)(ii), (g)(iii), (g)(vi), and (g)(vii). In addition, such further proposals shall be dealt with in accordance with Decisions 14.77 and 14.78 (Rev. CoP15). On a proposal from the Secretariat, the Standing Committee can decide to cause this trade to cease partially or completely in the event of non-compliance by exporting or importing countries, or in the case of proven detrimental impacts of the trade on other elephant populations. All other specimens shall be deemed to be specimens of species included in Annex A and the trade in them shall be regulated accordingly.

in situ

(6)  The following are not subject to the provisions of this Regulation:

6

| | Fossils; |
| --- | --- |

Fossils;

| | Coral sand, that is to say, material consisting entirely or in part of finely crushed fragments of dead coral no larger than 2 mm in diameter, not identifiable to the level of genus, and which may also contain, amongst other things, the remains of Foraminifera, mollusc and crustacean shell, and coralline algae; |
| --- | --- |

Coral sand, that is to say, material consisting entirely or in part of finely crushed fragments of dead coral no larger than 2 mm in diameter, not identifiable to the level of genus, and which may also contain, amongst other things, the remains of Foraminifera, mollusc and crustacean shell, and coralline algae;

| | Coral fragments (including gravel and rubble), that is to say, unconsolidated fragments of broken finger-like dead coral and other material between 2 and 30 mm measured in any direction, not identifiable to the level of genus. |
| --- | --- |

Coral fragments (including gravel and rubble), that is to say, unconsolidated fragments of broken finger-like dead coral and other material between 2 and 30 mm measured in any direction, not identifiable to the level of genus.

(7)  Trade of specimens with source code A is allowed only if specimens traded possess cataphylls.

7

(8)  Artificially propagated specimens of the following hybrids and/or cultivars are not subject to the provisions of this Regulation:

8

Hatiora x graeseri

Hatiora

graeseri

Schlumbergera x buckleyi

Schlumbergera

buckleyi

Schlumbergera russelliana x Schlumbergera truncata

Schlumbergera russelliana

Schlumbergera truncata

Schlumbergera orssichiana x Schlumbergera truncata

Schlumbergera orssichiana

Schlumbergera truncata

Schlumbergera opuntioides x Schlumbergera truncata

Schlumbergera opuntioides

Schlumbergera truncata

Schlumbergera truncata (cultivars)

Schlumbergera truncata

Cactaceae spp. colour mutants grafted on the following grafting stocks: Harrisia
  ‘Jusbertii’, Hylocereus trigonus or Hylocereus undatus

Harrisia

Hylocereus trigonus

Hylocereus undatus

Opuntia microdasys (cultivars)

Opuntia microdasys

(9)  Artificially propagated hybrids of Cymbidium, Dendrobium, Phalaenopsis and Vanda are not subject to the provisions of this Regulation, when specimens are readily recognizable as artificially propagated and do not show any signs of having been collected in the wild such as mechanical damage or strong dehydration resulting from collection, irregular growth and heterogeneous size and shape within a taxon and shipment, algae or other epiphyllous organisms adhering to leaves, or damage by insects or other pests; and

9

Cymbidium

Dendrobium

Phalaenopsis

Vanda

| (a) | when shipped in non flowering state, the specimens must be traded in shipments consisting of individual containers (such as cartons, boxes, crates or individual shelves of CC-containers) each containing 20 or more plants of the same hybrid; the plants within each container must exhibit a high degree of uniformity and healthiness; and the shipment must be accompanied by documentation, such as an invoice, which clearly states the number of plants of each hybrid; or |
| --- | --- |

(a)

when shipped in non flowering state, the specimens must be traded in shipments consisting of individual containers (such as cartons, boxes, crates or individual shelves of CC-containers) each containing 20 or more plants of the same hybrid; the plants within each container must exhibit a high degree of uniformity and healthiness; and the shipment must be accompanied by documentation, such as an invoice, which clearly states the number of plants of each hybrid; or

| (b) | when shipped in flowering state, with at least one fully open flower per specimen, no minimum number of specimens per shipment is required but specimens must be professionally processed for commercial retail sale, e.g. labelled with printed labels or packaged with printed packages indicating the name of the hybrid and the country of final processing. This shall be clearly visible and allow easy verification. |
| --- | --- |

(b)

when shipped in flowering state, with at least one fully open flower per specimen, no minimum number of specimens per shipment is required but specimens must be professionally processed for commercial retail sale, e.g. labelled with printed labels or packaged with printed packages indicating the name of the hybrid and the country of final processing. This shall be clearly visible and allow easy verification.

Plants not clearly qualifying for the exemption must be accompanied by appropriate CITES documents.

(10)  Commission Regulation (EC) No 865/2006 of 4 May 2006 laying down detailed rules concerning the implementation of Council Regulation (EC) No 338/97 on the protection of species of wild fauna and flora by regulating trade therein (OJ L 166, 19.6.2006, p. 1).

10

(11)  Artificially propagated specimens of cultivars of Cyclamen persicum are not subject to the provisions of this Regulation. However, the exemption does not apply to such specimens traded as dormant tubers.

11

Cyclamen persicum

(12)  Artificially propagated hybrids and cultivars of Taxus cuspidata, live, in pots or other small containers, each consignment being accompanied by a label or document stating the name of the taxon or taxa and the text ‘artificially propagated’, are not subject to the provisions of this Regulation.

12

Taxus cuspidata

---

| 17.5.2023 | EN | Official Journal of the European Union | L 133/125 |
| --- | --- | --- | --- |

17.5.2023

EN

Official Journal of the European Union

L 133/125

---

COMMISSION IMPLEMENTING REGULATION (EU) 2023/967

of 16 May 2023

laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 March 2023 until 29 June 2023 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1), and in particular the third subparagraph of Article 77e(2) thereof,

Whereas:

| (1) | In order to ensure uniform conditions for the calculation of technical provisions and basic own funds by insurance and reinsurance undertakings for the purposes of Directive 2009/138/EC, technical information on relevant risk-free interest rate term structures, fundamental spreads for the calculation of the matching adjustment and volatility adjustments should be laid down for every reference date. |
| --- | --- |

(1)

In order to ensure uniform conditions for the calculation of technical provisions and basic own funds by insurance and reinsurance undertakings for the purposes of Directive 2009/138/EC, technical information on relevant risk-free interest rate term structures, fundamental spreads for the calculation of the matching adjustment and volatility adjustments should be laid down for every reference date.

| (2) | Insurance and re-insurance undertakings should use the technical information, which is based on market data related to the end of the last month preceding the first reporting reference date to which this Regulation applies. On 5 April 2023, the European Insurance and Occupational Pensions Authority provided the Commission with the technical information related to end of March 2023 market data. That information was published on 5 April 2023 in accordance with Article 77e(1) of Directive 2009/138/EC. |
| --- | --- |

(2)

Insurance and re-insurance undertakings should use the technical information, which is based on market data related to the end of the last month preceding the first reporting reference date to which this Regulation applies. On 5 April 2023, the European Insurance and Occupational Pensions Authority provided the Commission with the technical information related to end of March 2023 market data. That information was published on 5 April 2023 in accordance with Article 77e(1) of Directive 2009/138/EC.

| (3) | Given the need for the immediate availability of the technical information, it is important that this Regulation enters into force as a matter of urgency. |
| --- | --- |

(3)

Given the need for the immediate availability of the technical information, it is important that this Regulation enters into force as a matter of urgency.

| (4) | For prudential reasons it is necessary that insurance and reinsurance undertakings use the same technical information for calculating technical provisions and basic own funds irrespective of the date on which they report to their competent authorities. This Regulation should therefore apply from the first reporting reference date to which this Regulation applies. |
| --- | --- |

(4)

For prudential reasons it is necessary that insurance and reinsurance undertakings use the same technical information for calculating technical provisions and basic own funds irrespective of the date on which they report to their competent authorities. This Regulation should therefore apply from the first reporting reference date to which this Regulation applies.

| (5) | To provide legal certainty as soon as possible, it is duly justified on imperative grounds of urgency related to the availability of the relevant risk-free interest rate term structure that measures provided for in this Regulation be adopted in accordance with Article 8, in conjunction with Article 4, of Regulation (EU) No 182/2011 of the European Parliament and of the Council (2), |
| --- | --- |

(5)

To provide legal certainty as soon as possible, it is duly justified on imperative grounds of urgency related to the availability of the relevant risk-free interest rate term structure that measures provided for in this Regulation be adopted in accordance with Article 8, in conjunction with Article 4, of Regulation (EU) No 182/2011 of the European Parliament and of the Council (2),

HAS ADOPTED THIS REGULATION:

Article 1

1.   Insurance and reinsurance undertakings shall use the technical information referred to in paragraph 2 when calculating technical provisions and basic own funds for reporting with reference dates from 31 March 2023 until 29 June 2023.

2.   For each relevant currency, the technical information used to calculate the best estimate in accordance with Article 77 of Directive 2009/138/EC, the matching adjustment in accordance with Article 77c of that Directive and the volatility adjustment in accordance with Article 77d of that Directive shall be the following:

| (a) | the relevant risk-free interest rate term structures set out in Annex I; |
| --- | --- |

(a)

the relevant risk-free interest rate term structures set out in Annex I;

| (b) | the fundamental spreads for the calculation of the matching adjustment set out in Annex II; |
| --- | --- |

(b)

the fundamental spreads for the calculation of the matching adjustment set out in Annex II;

| (c) | for each relevant national insurance market, the volatility adjustments set out in Annex III. |
| --- | --- |

(c)

for each relevant national insurance market, the volatility adjustments set out in Annex III.

Article 2

This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.

It shall apply from 31 March 2023.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 16 May 2023.

For the Commission

The President

Ursula VON DER LEYEN

---

(1)  
  OJ L 335, 17.12.2009, p. 1.

1

(2)  Regulation (EU) No 182/2011 of the European Parliament and of the Council of 16 February 2011 laying down the rules and general principles concerning mechanisms for control by Member States of the Commission's exercise of implementing powers (OJ L 55, 28.2.2011, p. 13).

2

---

ANNEXES I-III

ANNEX I

Relevant risk-free interest rate term structures to calculate the best estimate, without any matching adjustment or volatility adjustment

| Term to maturity (in years) | Euro | Czech koruna | Danish krone | Forint | Krona | Lev |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 3,472  % | 6,925  % | 3,462  % | 14,358  % | 3,582  % | 3,422  % |
| 2 | 3,315  % | 5,947  % | 3,305  % | 12,571  % | 3,405  % | 3,265  % |
| 3 | 3,140  % | 5,341  % | 3,130  % | 11,125  % | 3,164  % | 3,090  % |
| 4 | 3,009  % | 4,965  % | 2,999  % | 9,982  % | 3,011  % | 2,959  % |
| 5 | 2,930  % | 4,715  % | 2,920  % | 9,153  % | 2,914  % | 2,880  % |
| 6 | 2,886  % | 4,550  % | 2,876  % | 8,584  % | 2,843  % | 2,836  % |
| 7 | 2,860  % | 4,439  % | 2,850  % | 8,223  % | 2,793  % | 2,810  % |
| 8 | 2,847  % | 4,363  % | 2,837  % | 8,023  % | 2,762  % | 2,798  % |
| 9 | 2,845  % | 4,311  % | 2,835  % | 7,942  % | 2,748  % | 2,796  % |
| 10 | 2,850  % | 4,276  % | 2,840  % | 7,927  % | 2,753  % | 2,800  % |
| 11 | 2,837  % | 4,255  % | 2,827  % | 7,943  % | 2,775  % | 2,787  % |
| 12 | 2,870  % | 4,242  % | 2,860  % | 7,960  % | 2,805  % | 2,820  % |
| 13 | 2,889  % | 4,233  % | 2,879  % | 7,960  % | 2,839  % | 2,839  % |
| 14 | 2,884  % | 4,225  % | 2,874  % | 7,941  % | 2,873  % | 2,834  % |
| 15 | 2,860  % | 4,217  % | 2,850  % | 7,888  % | 2,905  % | 2,811  % |
| 16 | 2,824  % | 4,206  % | 2,814  % | 7,821  % | 2,935  % | 2,774  % |
| 17 | 2,781  % | 4,194  % | 2,771  % | 7,748  % | 2,963  % | 2,731  % |
| 18 | 2,740  % | 4,180  % | 2,730  % | 7,671  % | 2,988  % | 2,690  % |
| 19 | 2,703  % | 4,166  % | 2,693  % | 7,592  % | 3,011  % | 2,653  % |
| 20 | 2,674  % | 4,151  % | 2,664  % | 7,512  % | 3,033  % | 2,625  % |
| 21 | 2,655  % | 4,136  % | 2,646  % | 7,432  % | 3,052  % | 2,607  % |
| 22 | 2,644  % | 4,121  % | 2,635  % | 7,353  % | 3,070  % | 2,597  % |
| 23 | 2,640  % | 4,106  % | 2,631  % | 7,275  % | 3,086  % | 2,593  % |
| 24 | 2,640  % | 4,091  % | 2,631  % | 7,198  % | 3,101  % | 2,595  % |
| 25 | 2,644  % | 4,076  % | 2,635  % | 7,123  % | 3,115  % | 2,600  % |
| 26 | 2,651  % | 4,061  % | 2,643  % | 7,051  % | 3,128  % | 2,608  % |
| 27 | 2,660  % | 4,047  % | 2,652  % | 6,980  % | 3,140  % | 2,618  % |
| 28 | 2,671  % | 4,033  % | 2,663  % | 6,912  % | 3,151  % | 2,630  % |
| 29 | 2,683  % | 4,019  % | 2,675  % | 6,847  % | 3,161  % | 2,643  % |
| 30 | 2,696  % | 4,006  % | 2,688  % | 6,783  % | 3,171  % | 2,657  % |
| 31 | 2,709  % | 3,993  % | 2,701  % | 6,722  % | 3,180  % | 2,671  % |
| 32 | 2,723  % | 3,980  % | 2,715  % | 6,664  % | 3,188  % | 2,686  % |
| 33 | 2,736  % | 3,968  % | 2,729  % | 6,608  % | 3,196  % | 2,701  % |
| 34 | 2,750  % | 3,956  % | 2,743  % | 6,554  % | 3,204  % | 2,715  % |
| 35 | 2,764  % | 3,945  % | 2,758  % | 6,502  % | 3,211  % | 2,730  % |
| 36 | 2,778  % | 3,934  % | 2,772  % | 6,452  % | 3,217  % | 2,745  % |
| 37 | 2,792  % | 3,923  % | 2,785  % | 6,404  % | 3,223  % | 2,759  % |
| 38 | 2,805  % | 3,913  % | 2,799  % | 6,358  % | 3,229  % | 2,774  % |
| 39 | 2,818  % | 3,903  % | 2,812  % | 6,314  % | 3,235  % | 2,788  % |
| 40 | 2,831  % | 3,893  % | 2,825  % | 6,272  % | 3,240  % | 2,801  % |
| 41 | 2,844  % | 3,884  % | 2,838  % | 6,231  % | 3,246  % | 2,814  % |
| 42 | 2,856  % | 3,875  % | 2,850  % | 6,192  % | 3,250  % | 2,827  % |
| 43 | 2,868  % | 3,866  % | 2,862  % | 6,155  % | 3,255  % | 2,840  % |
| 44 | 2,879  % | 3,858  % | 2,874  % | 6,119  % | 3,259  % | 2,852  % |
| 45 | 2,891  % | 3,850  % | 2,885  % | 6,084  % | 3,264  % | 2,864  % |
| 46 | 2,902  % | 3,842  % | 2,896  % | 6,051  % | 3,268  % | 2,875  % |
| 47 | 2,912  % | 3,835  % | 2,907  % | 6,019  % | 3,272  % | 2,886  % |
| 48 | 2,922  % | 3,827  % | 2,917  % | 5,988  % | 3,275  % | 2,897  % |
| 49 | 2,932  % | 3,820  % | 2,927  % | 5,958  % | 3,279  % | 2,908  % |
| 50 | 2,942  % | 3,813  % | 2,937  % | 5,930  % | 3,282  % | 2,918  % |
| 51 | 2,951  % | 3,807  % | 2,946  % | 5,902  % | 3,286  % | 2,927  % |
| 52 | 2,960  % | 3,800  % | 2,956  % | 5,876  % | 3,289  % | 2,937  % |
| 53 | 2,969  % | 3,794  % | 2,964  % | 5,850  % | 3,292  % | 2,946  % |
| 54 | 2,978  % | 3,788  % | 2,973  % | 5,825  % | 3,295  % | 2,955  % |
| 55 | 2,986  % | 3,782  % | 2,981  % | 5,802  % | 3,298  % | 2,964  % |
| 56 | 2,994  % | 3,776  % | 2,989  % | 5,778  % | 3,300  % | 2,972  % |
| 57 | 3,001  % | 3,771  % | 2,997  % | 5,756  % | 3,303  % | 2,980  % |
| 58 | 3,009  % | 3,766  % | 3,005  % | 5,735  % | 3,305  % | 2,988  % |
| 59 | 3,016  % | 3,760  % | 3,012  % | 5,714  % | 3,308  % | 2,996  % |
| 60 | 3,023  % | 3,755  % | 3,019  % | 5,694  % | 3,310  % | 3,003  % |
| 61 | 3,030  % | 3,751  % | 3,026  % | 5,674  % | 3,313  % | 3,010  % |
| 62 | 3,037  % | 3,746  % | 3,033  % | 5,655  % | 3,315  % | 3,017  % |
| 63 | 3,043  % | 3,741  % | 3,039  % | 5,637  % | 3,317  % | 3,024  % |
| 64 | 3,049  % | 3,737  % | 3,045  % | 5,619  % | 3,319  % | 3,030  % |
| 65 | 3,055  % | 3,733  % | 3,052  % | 5,602  % | 3,321  % | 3,037  % |
| 66 | 3,061  % | 3,728  % | 3,058  % | 5,585  % | 3,323  % | 3,043  % |
| 67 | 3,067  % | 3,724  % | 3,063  % | 5,569  % | 3,325  % | 3,049  % |
| 68 | 3,073  % | 3,720  % | 3,069  % | 5,553  % | 3,327  % | 3,055  % |
| 69 | 3,078  % | 3,716  % | 3,074  % | 5,538  % | 3,328  % | 3,060  % |
| 70 | 3,083  % | 3,713  % | 3,080  % | 5,523  % | 3,330  % | 3,066  % |
| 71 | 3,088  % | 3,709  % | 3,085  % | 5,509  % | 3,332  % | 3,071  % |
| 72 | 3,093  % | 3,706  % | 3,090  % | 5,495  % | 3,334  % | 3,076  % |
| 73 | 3,098  % | 3,702  % | 3,095  % | 5,481  % | 3,335  % | 3,081  % |
| 74 | 3,103  % | 3,699  % | 3,100  % | 5,468  % | 3,337  % | 3,086  % |
| 75 | 3,107  % | 3,695  % | 3,104  % | 5,455  % | 3,338  % | 3,091  % |
| 76 | 3,112  % | 3,692  % | 3,109  % | 5,442  % | 3,340  % | 3,096  % |
| 77 | 3,116  % | 3,689  % | 3,113  % | 5,430  % | 3,341  % | 3,100  % |
| 78 | 3,121  % | 3,686  % | 3,117  % | 5,418  % | 3,342  % | 3,105  % |
| 79 | 3,125  % | 3,683  % | 3,122  % | 5,406  % | 3,344  % | 3,109  % |
| 80 | 3,129  % | 3,680  % | 3,126  % | 5,395  % | 3,345  % | 3,113  % |
| 81 | 3,133  % | 3,677  % | 3,130  % | 5,384  % | 3,346  % | 3,118  % |
| 82 | 3,137  % | 3,675  % | 3,134  % | 5,373  % | 3,348  % | 3,122  % |
| 83 | 3,140  % | 3,672  % | 3,137  % | 5,363  % | 3,349  % | 3,126  % |
| 84 | 3,144  % | 3,669  % | 3,141  % | 5,352  % | 3,350  % | 3,129  % |
| 85 | 3,148  % | 3,667  % | 3,145  % | 5,342  % | 3,351  % | 3,133  % |
| 86 | 3,151  % | 3,664  % | 3,148  % | 5,332  % | 3,352  % | 3,137  % |
| 87 | 3,154  % | 3,662  % | 3,152  % | 5,323  % | 3,354  % | 3,140  % |
| 88 | 3,158  % | 3,659  % | 3,155  % | 5,313  % | 3,355  % | 3,144  % |
| 89 | 3,161  % | 3,657  % | 3,158  % | 5,304  % | 3,356  % | 3,147  % |
| 90 | 3,164  % | 3,655  % | 3,162  % | 5,295  % | 3,357  % | 3,151  % |
| 91 | 3,167  % | 3,652  % | 3,165  % | 5,286  % | 3,358  % | 3,154  % |
| 92 | 3,170  % | 3,650  % | 3,168  % | 5,278  % | 3,359  % | 3,157  % |
| 93 | 3,173  % | 3,648  % | 3,171  % | 5,269  % | 3,360  % | 3,160  % |
| 94 | 3,176  % | 3,646  % | 3,174  % | 5,261  % | 3,361  % | 3,163  % |
| 95 | 3,179  % | 3,644  % | 3,177  % | 5,253  % | 3,362  % | 3,166  % |
| 96 | 3,182  % | 3,642  % | 3,180  % | 5,245  % | 3,363  % | 3,169  % |
| 97 | 3,185  % | 3,640  % | 3,182  % | 5,238  % | 3,364  % | 3,172  % |
| 98 | 3,188  % | 3,638  % | 3,185  % | 5,230  % | 3,364  % | 3,175  % |
| 99 | 3,190  % | 3,636  % | 3,188  % | 5,223  % | 3,365  % | 3,178  % |
| 100 | 3,193  % | 3,634  % | 3,190  % | 5,215  % | 3,366  % | 3,181  % |
| 101 | 3,195  % | 3,632  % | 3,193  % | 5,208  % | 3,367  % | 3,183  % |
| 102 | 3,198  % | 3,631  % | 3,195  % | 5,201  % | 3,368  % | 3,186  % |
| 103 | 3,200  % | 3,629  % | 3,198  % | 5,195  % | 3,369  % | 3,188  % |
| 104 | 3,203  % | 3,627  % | 3,200  % | 5,188  % | 3,369  % | 3,191  % |
| 105 | 3,205  % | 3,625  % | 3,203  % | 5,181  % | 3,370  % | 3,193  % |
| 106 | 3,207  % | 3,624  % | 3,205  % | 5,175  % | 3,371  % | 3,196  % |
| 107 | 3,210  % | 3,622  % | 3,207  % | 5,168  % | 3,372  % | 3,198  % |
| 108 | 3,212  % | 3,621  % | 3,210  % | 5,162  % | 3,372  % | 3,201  % |
| 109 | 3,214  % | 3,619  % | 3,212  % | 5,156  % | 3,373  % | 3,203  % |
| 110 | 3,216  % | 3,617  % | 3,214  % | 5,150  % | 3,374  % | 3,205  % |
| 111 | 3,218  % | 3,616  % | 3,216  % | 5,144  % | 3,374  % | 3,207  % |
| 112 | 3,220  % | 3,615  % | 3,218  % | 5,139  % | 3,375  % | 3,209  % |
| 113 | 3,222  % | 3,613  % | 3,220  % | 5,133  % | 3,376  % | 3,212  % |
| 114 | 3,224  % | 3,612  % | 3,222  % | 5,127  % | 3,376  % | 3,214  % |
| 115 | 3,226  % | 3,610  % | 3,224  % | 5,122  % | 3,377  % | 3,216  % |
| 116 | 3,228  % | 3,609  % | 3,226  % | 5,116  % | 3,378  % | 3,218  % |
| 117 | 3,230  % | 3,607  % | 3,228  % | 5,111  % | 3,378  % | 3,220  % |
| 118 | 3,232  % | 3,606  % | 3,230  % | 5,106  % | 3,379  % | 3,222  % |
| 119 | 3,234  % | 3,605  % | 3,232  % | 5,101  % | 3,380  % | 3,224  % |
| 120 | 3,236  % | 3,604  % | 3,234  % | 5,096  % | 3,380  % | 3,225  % |
| 121 | 3,237  % | 3,602  % | 3,235  % | 5,091  % | 3,381  % | 3,227  % |
| 122 | 3,239  % | 3,601  % | 3,237  % | 5,086  % | 3,381  % | 3,229  % |
| 123 | 3,241  % | 3,600  % | 3,239  % | 5,081  % | 3,382  % | 3,231  % |
| 124 | 3,243  % | 3,599  % | 3,241  % | 5,077  % | 3,382  % | 3,233  % |
| 125 | 3,244  % | 3,597  % | 3,242  % | 5,072  % | 3,383  % | 3,234  % |
| 126 | 3,246  % | 3,596  % | 3,244  % | 5,067  % | 3,383  % | 3,236  % |
| 127 | 3,247  % | 3,595  % | 3,246  % | 5,063  % | 3,384  % | 3,238  % |
| 128 | 3,249  % | 3,594  % | 3,247  % | 5,059  % | 3,384  % | 3,239  % |
| 129 | 3,251  % | 3,593  % | 3,249  % | 5,054  % | 3,385  % | 3,241  % |
| 130 | 3,252  % | 3,592  % | 3,250  % | 5,050  % | 3,385  % | 3,243  % |
| 131 | 3,254  % | 3,591  % | 3,252  % | 5,046  % | 3,386  % | 3,244  % |
| 132 | 3,255  % | 3,590  % | 3,253  % | 5,042  % | 3,386  % | 3,246  % |
| 133 | 3,257  % | 3,589  % | 3,255  % | 5,037  % | 3,387  % | 3,247  % |
| 134 | 3,258  % | 3,587  % | 3,256  % | 5,033  % | 3,387  % | 3,249  % |
| 135 | 3,259  % | 3,586  % | 3,258  % | 5,029  % | 3,388  % | 3,250  % |
| 136 | 3,261  % | 3,585  % | 3,259  % | 5,026  % | 3,388  % | 3,252  % |
| 137 | 3,262  % | 3,584  % | 3,260  % | 5,022  % | 3,389  % | 3,253  % |
| 138 | 3,264  % | 3,583  % | 3,262  % | 5,018  % | 3,389  % | 3,255  % |
| 139 | 3,265  % | 3,583  % | 3,263  % | 5,014  % | 3,390  % | 3,256  % |
| 140 | 3,266  % | 3,582  % | 3,264  % | 5,011  % | 3,390  % | 3,258  % |
| 141 | 3,268  % | 3,581  % | 3,266  % | 5,007  % | 3,391  % | 3,259  % |
| 142 | 3,269  % | 3,580  % | 3,267  % | 5,003  % | 3,391  % | 3,260  % |
| 143 | 3,270  % | 3,579  % | 3,268  % | 5,000  % | 3,391  % | 3,262  % |
| 144 | 3,271  % | 3,578  % | 3,270  % | 4,996  % | 3,392  % | 3,263  % |
| 145 | 3,273  % | 3,577  % | 3,271  % | 4,993  % | 3,392  % | 3,264  % |
| 146 | 3,274  % | 3,576  % | 3,272  % | 4,989  % | 3,393  % | 3,265  % |
| 147 | 3,275  % | 3,575  % | 3,273  % | 4,986  % | 3,393  % | 3,267  % |
| 148 | 3,276  % | 3,574  % | 3,275  % | 4,983  % | 3,393  % | 3,268  % |
| 149 | 3,277  % | 3,574  % | 3,276  % | 4,980  % | 3,394  % | 3,269  % |
| 150 | 3,278  % | 3,573  % | 3,277  % | 4,976  % | 3,394  % | 3,270  % |

Term to maturity (in years)

Euro

Czech koruna

Danish krone

Forint

Krona

Lev

1

3,472  %

6,925  %

3,462  %

14,358  %

3,582  %

3,422  %

2

3,315  %

5,947  %

3,305  %

12,571  %

3,405  %

3,265  %

3

3,140  %

5,341  %

3,130  %

11,125  %

3,164  %

3,090  %

4

3,009  %

4,965  %

2,999  %

9,982  %

3,011  %

2,959  %

5

2,930  %

4,715  %

2,920  %

9,153  %

2,914  %

2,880  %

6

2,886  %

4,550  %

2,876  %

8,584  %

2,843  %

2,836  %

7

2,860  %

4,439  %

2,850  %

8,223  %

2,793  %

2,810  %

8

2,847  %

4,363  %

2,837  %

8,023  %

2,762  %

2,798  %

9

2,845  %

4,311  %

2,835  %

7,942  %

2,748  %

2,796  %

10

2,850  %

4,276  %

2,840  %

7,927  %

2,753  %

2,800  %

11

2,837  %

4,255  %

2,827  %

7,943  %

2,775  %

2,787  %

12

2,870  %

4,242  %

2,860  %

7,960  %

2,805  %

2,820  %

13

2,889  %

4,233  %

2,879  %

7,960  %

2,839  %

2,839  %

14

2,884  %

4,225  %

2,874  %

7,941  %

2,873  %

2,834  %

15

2,860  %

4,217  %

2,850  %

7,888  %

2,905  %

2,811  %

16

2,824  %

4,206  %

2,814  %

7,821  %

2,935  %

2,774  %

17

2,781  %

4,194  %

2,771  %

7,748  %

2,963  %

2,731  %

18

2,740  %

4,180  %

2,730  %

7,671  %

2,988  %

2,690  %

19

2,703  %

4,166  %

2,693  %

7,592  %

3,011  %

2,653  %

20

2,674  %

4,151  %

2,664  %

7,512  %

3,033  %

2,625  %

21

2,655  %

4,136  %

2,646  %

7,432  %

3,052  %

2,607  %

22

2,644  %

4,121  %

2,635  %

7,353  %

3,070  %

2,597  %

23

2,640  %

4,106  %

2,631  %

7,275  %

3,086  %

2,593  %

24

2,640  %

4,091  %

2,631  %

7,198  %

3,101  %

2,595  %

25

2,644  %

4,076  %

2,635  %

7,123  %

3,115  %

2,600  %

26

2,651  %

4,061  %

2,643  %

7,051  %

3,128  %

2,608  %

27

2,660  %

4,047  %

2,652  %

6,980  %

3,140  %

2,618  %

28

2,671  %

4,033  %

2,663  %

6,912  %

3,151  %

2,630  %

29

2,683  %

4,019  %

2,675  %

6,847  %

3,161  %

2,643  %

30

2,696  %

4,006  %

2,688  %

6,783  %

3,171  %

2,657  %

31

2,709  %

3,993  %

2,701  %

6,722  %

3,180  %

2,671  %

32

2,723  %

3,980  %

2,715  %

6,664  %

3,188  %

2,686  %

33

2,736  %

3,968  %

2,729  %

6,608  %

3,196  %

2,701  %

34

2,750  %

3,956  %

2,743  %

6,554  %

3,204  %

2,715  %

35

2,764  %

3,945  %

2,758  %

6,502  %

3,211  %

2,730  %

36

2,778  %

3,934  %

2,772  %

6,452  %

3,217  %

2,745  %

37

2,792  %

3,923  %

2,785  %

6,404  %

3,223  %

2,759  %

38

2,805  %

3,913  %

2,799  %

6,358  %

3,229  %

2,774  %

39

2,818  %

3,903  %

2,812  %

6,314  %

3,235  %

2,788  %

40

2,831  %

3,893  %

2,825  %

6,272  %

3,240  %

2,801  %

41

2,844  %

3,884  %

2,838  %

6,231  %

3,246  %

2,814  %

42

2,856  %

3,875  %

2,850  %

6,192  %

3,250  %

2,827  %

43

2,868  %

3,866  %

2,862  %

6,155  %

3,255  %

2,840  %

44

2,879  %

3,858  %

2,874  %

6,119  %

3,259  %

2,852  %

45

2,891  %

3,850  %

2,885  %

6,084  %

3,264  %

2,864  %

46

2,902  %

3,842  %

2,896  %

6,051  %

3,268  %

2,875  %

47

2,912  %

3,835  %

2,907  %

6,019  %

3,272  %

2,886  %

48

2,922  %

3,827  %

2,917  %

5,988  %

3,275  %

2,897  %

49

2,932  %

3,820  %

2,927  %

5,958  %

3,279  %

2,908  %

50

2,942  %

3,813  %

2,937  %

5,930  %

3,282  %

2,918  %

51

2,951  %

3,807  %

2,946  %

5,902  %

3,286  %

2,927  %

52

2,960  %

3,800  %

2,956  %

5,876  %

3,289  %

2,937  %

53

2,969  %

3,794  %

2,964  %

5,850  %

3,292  %

2,946  %

54

2,978  %

3,788  %

2,973  %

5,825  %

3,295  %

2,955  %

55

2,986  %

3,782  %

2,981  %

5,802  %

3,298  %

2,964  %

56

2,994  %

3,776  %

2,989  %

5,778  %

3,300  %

2,972  %

57

3,001  %

3,771  %

2,997  %

5,756  %

3,303  %

2,980  %

58

3,009  %

3,766  %

3,005  %

5,735  %

3,305  %

2,988  %

59

3,016  %

3,760  %

3,012  %

5,714  %

3,308  %

2,996  %

60

3,023  %

3,755  %

3,019  %

5,694  %

3,310  %

3,003  %

61

3,030  %

3,751  %

3,026  %

5,674  %

3,313  %

3,010  %

62

3,037  %

3,746  %

3,033  %

5,655  %

3,315  %

3,017  %

63

3,043  %

3,741  %

3,039  %

5,637  %

3,317  %

3,024  %

64

3,049  %

3,737  %

3,045  %

5,619  %

3,319  %

3,030  %

65

3,055  %

3,733  %

3,052  %

5,602  %

3,321  %

3,037  %

66

3,061  %

3,728  %

3,058  %

5,585  %

3,323  %

3,043  %

67

3,067  %

3,724  %

3,063  %

5,569  %

3,325  %

3,049  %

68

3,073  %

3,720  %

3,069  %

5,553  %

3,327  %

3,055  %

69

3,078  %

3,716  %

3,074  %

5,538  %

3,328  %

3,060  %

70

3,083  %

3,713  %

3,080  %

5,523  %

3,330  %

3,066  %

71

3,088  %

3,709  %

3,085  %

5,509  %

3,332  %

3,071  %

72

3,093  %

3,706  %

3,090  %

5,495  %

3,334  %

3,076  %

73

3,098  %

3,702  %

3,095  %

5,481  %

3,335  %

3,081  %

74

3,103  %

3,699  %

3,100  %

5,468  %

3,337  %

3,086  %

75

3,107  %

3,695  %

3,104  %

5,455  %

3,338  %

3,091  %

76

3,112  %

3,692  %

3,109  %

5,442  %

3,340  %

3,096  %

77

3,116  %

3,689  %

3,113  %

5,430  %

3,341  %

3,100  %

78

3,121  %

3,686  %

3,117  %

5,418  %

3,342  %

3,105  %

79

3,125  %

3,683  %

3,122  %

5,406  %

3,344  %

3,109  %

80

3,129  %

3,680  %

3,126  %

5,395  %

3,345  %

3,113  %

81

3,133  %

3,677  %

3,130  %

5,384  %

3,346  %

3,118  %

82

3,137  %

3,675  %

3,134  %

5,373  %

3,348  %

3,122  %

83

3,140  %

3,672  %

3,137  %

5,363  %

3,349  %

3,126  %

84

3,144  %

3,669  %

3,141  %

5,352  %

3,350  %

3,129  %

85

3,148  %

3,667  %

3,145  %

5,342  %

3,351  %

3,133  %

86

3,151  %

3,664  %

3,148  %

5,332  %

3,352  %

3,137  %

87

3,154  %

3,662  %

3,152  %

5,323  %

3,354  %

3,140  %

88

3,158  %

3,659  %

3,155  %

5,313  %

3,355  %

3,144  %

89

3,161  %

3,657  %

3,158  %

5,304  %

3,356  %

3,147  %

90

3,164  %

3,655  %

3,162  %

5,295  %

3,357  %

3,151  %

91

3,167  %

3,652  %

3,165  %

5,286  %

3,358  %

3,154  %

92

3,170  %

3,650  %

3,168  %

5,278  %

3,359  %

3,157  %

93

3,173  %

3,648  %

3,171  %

5,269  %

3,360  %

3,160  %

94

3,176  %

3,646  %

3,174  %

5,261  %

3,361  %

3,163  %

95

3,179  %

3,644  %

3,177  %

5,253  %

3,362  %

3,166  %

96

3,182  %

3,642  %

3,180  %

5,245  %

3,363  %

3,169  %

97

3,185  %

3,640  %

3,182  %

5,238  %

3,364  %

3,172  %

98

3,188  %

3,638  %

3,185  %

5,230  %

3,364  %

3,175  %

99

3,190  %

3,636  %

3,188  %

5,223  %

3,365  %

3,178  %

100

3,193  %

3,634  %

3,190  %

5,215  %

3,366  %

3,181  %

101

3,195  %

3,632  %

3,193  %

5,208  %

3,367  %

3,183  %

102

3,198  %

3,631  %

3,195  %

5,201  %

3,368  %

3,186  %

103

3,200  %

3,629  %

3,198  %

5,195  %

3,369  %

3,188  %

104

3,203  %

3,627  %

3,200  %

5,188  %

3,369  %

3,191  %

105

3,205  %

3,625  %

3,203  %

5,181  %

3,370  %

3,193  %

106

3,207  %

3,624  %

3,205  %

5,175  %

3,371  %

3,196  %

107

3,210  %

3,622  %

3,207  %

5,168  %

3,372  %

3,198  %

108

3,212  %

3,621  %

3,210  %

5,162  %

3,372  %

3,201  %

109

3,214  %

3,619  %

3,212  %

5,156  %

3,373  %

3,203  %

110

3,216  %

3,617  %

3,214  %

5,150  %

3,374  %

3,205  %

111

3,218  %

3,616  %

3,216  %

5,144  %

3,374  %

3,207  %

112

3,220  %

3,615  %

3,218  %

5,139  %

3,375  %

3,209  %

113

3,222  %

3,613  %

3,220  %

5,133  %

3,376  %

3,212  %

114

3,224  %

3,612  %

3,222  %

5,127  %

3,376  %

3,214  %

115

3,226  %

3,610  %

3,224  %

5,122  %

3,377  %

3,216  %

116

3,228  %

3,609  %

3,226  %

5,116  %

3,378  %

3,218  %

117

3,230  %

3,607  %

3,228  %

5,111  %

3,378  %

3,220  %

118

3,232  %

3,606  %

3,230  %

5,106  %

3,379  %

3,222  %

119

3,234  %

3,605  %

3,232  %

5,101  %

3,380  %

3,224  %

120

3,236  %

3,604  %

3,234  %

5,096  %

3,380  %

3,225  %

121

3,237  %

3,602  %

3,235  %

5,091  %

3,381  %

3,227  %

122

3,239  %

3,601  %

3,237  %

5,086  %

3,381  %

3,229  %

123

3,241  %

3,600  %

3,239  %

5,081  %

3,382  %

3,231  %

124

3,243  %

3,599  %

3,241  %

5,077  %

3,382  %

3,233  %

125

3,244  %

3,597  %

3,242  %

5,072  %

3,383  %

3,234  %

126

3,246  %

3,596  %

3,244  %

5,067  %

3,383  %

3,236  %

127

3,247  %

3,595  %

3,246  %

5,063  %

3,384  %

3,238  %

128

3,249  %

3,594  %

3,247  %

5,059  %

3,384  %

3,239  %

129

3,251  %

3,593  %

3,249  %

5,054  %

3,385  %

3,241  %

130

3,252  %

3,592  %

3,250  %

5,050  %

3,385  %

3,243  %

131

3,254  %

3,591  %

3,252  %

5,046  %

3,386  %

3,244  %

132

3,255  %

3,590  %

3,253  %

5,042  %

3,386  %

3,246  %

133

3,257  %

3,589  %

3,255  %

5,037  %

3,387  %

3,247  %

134

3,258  %

3,587  %

3,256  %

5,033  %

3,387  %

3,249  %

135

3,259  %

3,586  %

3,258  %

5,029  %

3,388  %

3,250  %

136

3,261  %

3,585  %

3,259  %

5,026  %

3,388  %

3,252  %

137

3,262  %

3,584  %

3,260  %

5,022  %

3,389  %

3,253  %

138

3,264  %

3,583  %

3,262  %

5,018  %

3,389  %

3,255  %

139

3,265  %

3,583  %

3,263  %

5,014  %

3,390  %

3,256  %

140

3,266  %

3,582  %

3,264  %

5,011  %

3,390  %

3,258  %

141

3,268  %

3,581  %

3,266  %

5,007  %

3,391  %

3,259  %

142

3,269  %

3,580  %

3,267  %

5,003  %

3,391  %

3,260  %

143

3,270  %

3,579  %

3,268  %

5,000  %

3,391  %

3,262  %

144

3,271  %

3,578  %

3,270  %

4,996  %

3,392  %

3,263  %

145

3,273  %

3,577  %

3,271  %

4,993  %

3,392  %

3,264  %

146

3,274  %

3,576  %

3,272  %

4,989  %

3,393  %

3,265  %

147

3,275  %

3,575  %

3,273  %

4,986  %

3,393  %

3,267  %

148

3,276  %

3,574  %

3,275  %

4,983  %

3,393  %

3,268  %

149

3,277  %

3,574  %

3,276  %

4,980  %

3,394  %

3,269  %

150

3,278  %

3,573  %

3,277  %

4,976  %

3,394  %

3,270  %

| Term to maturity (in years) | Pound sterling | Romanian leu | Zloty | Króna | Norwegian krone | Swiss franc |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 4,550  % | 6,633  % | 5,949  % | 8,226  % | 3,598  % | 1,936  % |
| 2 | 4,290  % | 6,913  % | 5,901  % | 8,018  % | 3,493  % | 1,925  % |
| 3 | 4,081  % | 7,083  % | 5,892  % | 7,762  % | 3,341  % | 1,908  % |
| 4 | 3,919  % | 7,158  % | 5,871  % | 7,444  % | 3,205  % | 1,895  % |
| 5 | 3,778  % | 7,204  % | 5,866  % | 7,081  % | 3,109  % | 1,889  % |
| 6 | 3,658  % | 7,239  % | 5,869  % | 6,715  % | 3,055  % | 1,890  % |
| 7 | 3,561  % | 7,265  % | 5,877  % | 6,371  % | 3,027  % | 1,895  % |
| 8 | 3,493  % | 7,284  % | 5,888  % | 6,064  % | 3,014  % | 1,903  % |
| 9 | 3,448  % | 7,301  % | 5,905  % | 5,803  % | 3,009  % | 1,913  % |
| 10 | 3,421  % | 7,311  % | 5,920  % | 5,590  % | 3,010  % | 1,924  % |
| 11 | 3,404  % | 7,293  % | 5,916  % | 5,414  % | 3,013  % | 1,936  % |
| 12 | 3,393  % | 7,251  % | 5,895  % | 5,267  % | 3,019  % | 1,949  % |
| 13 | 3,384  % | 7,192  % | 5,862  % | 5,142  % | 3,025  % | 1,961  % |
| 14 | 3,375  % | 7,120  % | 5,820  % | 5,034  % | 3,033  % | 1,973  % |
| 15 | 3,366  % | 7,041  % | 5,772  % | 4,939  % | 3,041  % | 1,986  % |
| 16 | 3,356  % | 6,956  % | 5,720  % | 4,856  % | 3,049  % | 1,998  % |
| 17 | 3,345  % | 6,868  % | 5,666  % | 4,782  % | 3,058  % | 2,010  % |
| 18 | 3,333  % | 6,778  % | 5,610  % | 4,716  % | 3,067  % | 2,021  % |
| 19 | 3,321  % | 6,687  % | 5,554  % | 4,656  % | 3,075  % | 2,032  % |
| 20 | 3,310  % | 6,597  % | 5,498  % | 4,602  % | 3,084  % | 2,043  % |
| 21 | 3,298  % | 6,509  % | 5,442  % | 4,553  % | 3,092  % | 2,054  % |
| 22 | 3,287  % | 6,422  % | 5,388  % | 4,508  % | 3,101  % | 2,064  % |
| 23 | 3,275  % | 6,337  % | 5,334  % | 4,466  % | 3,109  % | 2,074  % |
| 24 | 3,262  % | 6,254  % | 5,282  % | 4,428  % | 3,117  % | 2,083  % |
| 25 | 3,248  % | 6,174  % | 5,232  % | 4,393  % | 3,124  % | 2,092  % |
| 26 | 3,232  % | 6,096  % | 5,183  % | 4,360  % | 3,132  % | 2,101  % |
| 27 | 3,215  % | 6,021  % | 5,136  % | 4,329  % | 3,139  % | 2,110  % |
| 28 | 3,196  % | 5,949  % | 5,090  % | 4,300  % | 3,146  % | 2,118  % |
| 29 | 3,174  % | 5,880  % | 5,046  % | 4,274  % | 3,153  % | 2,126  % |
| 30 | 3,151  % | 5,814  % | 5,004  % | 4,248  % | 3,160  % | 2,133  % |
| 31 | 3,125  % | 5,750  % | 4,963  % | 4,225  % | 3,166  % | 2,141  % |
| 32 | 3,098  % | 5,688  % | 4,924  % | 4,202  % | 3,173  % | 2,148  % |
| 33 | 3,070  % | 5,629  % | 4,886  % | 4,181  % | 3,179  % | 2,155  % |
| 34 | 3,043  % | 5,573  % | 4,850  % | 4,161  % | 3,184  % | 2,161  % |
| 35 | 3,016  % | 5,519  % | 4,815  % | 4,142  % | 3,190  % | 2,168  % |
| 36 | 2,989  % | 5,467  % | 4,782  % | 4,124  % | 3,196  % | 2,174  % |
| 37 | 2,965  % | 5,417  % | 4,750  % | 4,107  % | 3,201  % | 2,180  % |
| 38 | 2,941  % | 5,370  % | 4,719  % | 4,091  % | 3,206  % | 2,185  % |
| 39 | 2,919  % | 5,324  % | 4,689  % | 4,076  % | 3,211  % | 2,191  % |
| 40 | 2,899  % | 5,280  % | 4,661  % | 4,061  % | 3,216  % | 2,196  % |
| 41 | 2,881  % | 5,238  % | 4,633  % | 4,047  % | 3,221  % | 2,201  % |
| 42 | 2,864  % | 5,197  % | 4,607  % | 4,033  % | 3,225  % | 2,206  % |
| 43 | 2,849  % | 5,159  % | 4,582  % | 4,020  % | 3,229  % | 2,211  % |
| 44 | 2,836  % | 5,121  % | 4,558  % | 4,008  % | 3,234  % | 2,216  % |
| 45 | 2,825  % | 5,085  % | 4,534  % | 3,996  % | 3,238  % | 2,220  % |
| 46 | 2,816  % | 5,051  % | 4,512  % | 3,985  % | 3,242  % | 2,225  % |
| 47 | 2,808  % | 5,018  % | 4,490  % | 3,974  % | 3,246  % | 2,229  % |
| 48 | 2,802  % | 4,986  % | 4,469  % | 3,964  % | 3,249  % | 2,233  % |
| 49 | 2,798  % | 4,955  % | 4,449  % | 3,953  % | 3,253  % | 2,237  % |
| 50 | 2,795  % | 4,926  % | 4,430  % | 3,944  % | 3,256  % | 2,241  % |
| 51 | 2,794  % | 4,897  % | 4,411  % | 3,934  % | 3,260  % | 2,244  % |
| 52 | 2,795  % | 4,870  % | 4,393  % | 3,925  % | 3,263  % | 2,248  % |
| 53 | 2,797  % | 4,843  % | 4,376  % | 3,917  % | 3,266  % | 2,251  % |
| 54 | 2,800  % | 4,818  % | 4,359  % | 3,908  % | 3,269  % | 2,255  % |
| 55 | 2,803  % | 4,793  % | 4,343  % | 3,900  % | 3,272  % | 2,258  % |
| 56 | 2,808  % | 4,769  % | 4,327  % | 3,893  % | 3,275  % | 2,261  % |
| 57 | 2,812  % | 4,746  % | 4,312  % | 3,885  % | 3,278  % | 2,264  % |
| 58 | 2,818  % | 4,724  % | 4,297  % | 3,878  % | 3,281  % | 2,267  % |
| 59 | 2,824  % | 4,703  % | 4,283  % | 3,871  % | 3,283  % | 2,270  % |
| 60 | 2,830  % | 4,682  % | 4,269  % | 3,864  % | 3,286  % | 2,273  % |
| 61 | 2,836  % | 4,662  % | 4,256  % | 3,857  % | 3,289  % | 2,276  % |
| 62 | 2,843  % | 4,642  % | 4,243  % | 3,851  % | 3,291  % | 2,278  % |
| 63 | 2,849  % | 4,623  % | 4,230  % | 3,844  % | 3,293  % | 2,281  % |
| 64 | 2,856  % | 4,605  % | 4,218  % | 3,838  % | 3,296  % | 2,284  % |
| 65 | 2,863  % | 4,587  % | 4,206  % | 3,833  % | 3,298  % | 2,286  % |
| 66 | 2,869  % | 4,570  % | 4,195  % | 3,827  % | 3,300  % | 2,288  % |
| 67 | 2,876  % | 4,553  % | 4,184  % | 3,821  % | 3,302  % | 2,291  % |
| 68 | 2,883  % | 4,537  % | 4,173  % | 3,816  % | 3,304  % | 2,293  % |
| 69 | 2,890  % | 4,521  % | 4,163  % | 3,811  % | 3,306  % | 2,295  % |
| 70 | 2,896  % | 4,506  % | 4,153  % | 3,806  % | 3,308  % | 2,297  % |
| 71 | 2,903  % | 4,491  % | 4,143  % | 3,801  % | 3,310  % | 2,299  % |
| 72 | 2,910  % | 4,476  % | 4,133  % | 3,796  % | 3,312  % | 2,301  % |
| 73 | 2,916  % | 4,462  % | 4,124  % | 3,791  % | 3,314  % | 2,303  % |
| 74 | 2,923  % | 4,449  % | 4,115  % | 3,787  % | 3,316  % | 2,305  % |
| 75 | 2,929  % | 4,435  % | 4,106  % | 3,782  % | 3,318  % | 2,307  % |
| 76 | 2,935  % | 4,422  % | 4,097  % | 3,778  % | 3,319  % | 2,309  % |
| 77 | 2,941  % | 4,410  % | 4,089  % | 3,774  % | 3,321  % | 2,311  % |
| 78 | 2,947  % | 4,397  % | 4,080  % | 3,770  % | 3,323  % | 2,313  % |
| 79 | 2,953  % | 4,385  % | 4,072  % | 3,766  % | 3,324  % | 2,314  % |
| 80 | 2,959  % | 4,374  % | 4,065  % | 3,762  % | 3,326  % | 2,316  % |
| 81 | 2,965  % | 4,362  % | 4,057  % | 3,758  % | 3,327  % | 2,318  % |
| 82 | 2,970  % | 4,351  % | 4,050  % | 3,754  % | 3,329  % | 2,319  % |
| 83 | 2,976  % | 4,340  % | 4,042  % | 3,750  % | 3,330  % | 2,321  % |
| 84 | 2,981  % | 4,329  % | 4,035  % | 3,747  % | 3,331  % | 2,322  % |
| 85 | 2,986  % | 4,319  % | 4,028  % | 3,743  % | 3,333  % | 2,324  % |
| 86 | 2,992  % | 4,309  % | 4,022  % | 3,740  % | 3,334  % | 2,325  % |
| 87 | 2,997  % | 4,299  % | 4,015  % | 3,737  % | 3,335  % | 2,327  % |
| 88 | 3,002  % | 4,289  % | 4,009  % | 3,733  % | 3,337  % | 2,328  % |
| 89 | 3,007  % | 4,280  % | 4,002  % | 3,730  % | 3,338  % | 2,329  % |
| 90 | 3,011  % | 4,271  % | 3,996  % | 3,727  % | 3,339  % | 2,331  % |
| 91 | 3,016  % | 4,261  % | 3,990  % | 3,724  % | 3,340  % | 2,332  % |
| 92 | 3,021  % | 4,253  % | 3,984  % | 3,721  % | 3,342  % | 2,333  % |
| 93 | 3,025  % | 4,244  % | 3,979  % | 3,718  % | 3,343  % | 2,334  % |
| 94 | 3,030  % | 4,236  % | 3,973  % | 3,715  % | 3,344  % | 2,336  % |
| 95 | 3,034  % | 4,227  % | 3,967  % | 3,713  % | 3,345  % | 2,337  % |
| 96 | 3,038  % | 4,219  % | 3,962  % | 3,710  % | 3,346  % | 2,338  % |
| 97 | 3,042  % | 4,211  % | 3,957  % | 3,707  % | 3,347  % | 2,339  % |
| 98 | 3,047  % | 4,203  % | 3,952  % | 3,705  % | 3,348  % | 2,340  % |
| 99 | 3,051  % | 4,196  % | 3,947  % | 3,702  % | 3,349  % | 2,341  % |
| 100 | 3,055  % | 4,188  % | 3,942  % | 3,700  % | 3,350  % | 2,342  % |
| 101 | 3,058  % | 4,181  % | 3,937  % | 3,697  % | 3,351  % | 2,344  % |
| 102 | 3,062  % | 4,174  % | 3,932  % | 3,695  % | 3,352  % | 2,345  % |
| 103 | 3,066  % | 4,167  % | 3,927  % | 3,692  % | 3,353  % | 2,346  % |
| 104 | 3,070  % | 4,160  % | 3,923  % | 3,690  % | 3,354  % | 2,347  % |
| 105 | 3,073  % | 4,153  % | 3,918  % | 3,688  % | 3,355  % | 2,348  % |
| 106 | 3,077  % | 4,146  % | 3,914  % | 3,685  % | 3,356  % | 2,349  % |
| 107 | 3,080  % | 4,140  % | 3,909  % | 3,683  % | 3,357  % | 2,349  % |
| 108 | 3,084  % | 4,133  % | 3,905  % | 3,681  % | 3,358  % | 2,350  % |
| 109 | 3,087  % | 4,127  % | 3,901  % | 3,679  % | 3,358  % | 2,351  % |
| 110 | 3,090  % | 4,121  % | 3,897  % | 3,677  % | 3,359  % | 2,352  % |
| 111 | 3,093  % | 4,115  % | 3,893  % | 3,675  % | 3,360  % | 2,353  % |
| 112 | 3,097  % | 4,109  % | 3,889  % | 3,673  % | 3,361  % | 2,354  % |
| 113 | 3,100  % | 4,103  % | 3,885  % | 3,671  % | 3,362  % | 2,355  % |
| 114 | 3,103  % | 4,097  % | 3,881  % | 3,669  % | 3,362  % | 2,356  % |
| 115 | 3,106  % | 4,092  % | 3,877  % | 3,667  % | 3,363  % | 2,356  % |
| 116 | 3,109  % | 4,086  % | 3,874  % | 3,665  % | 3,364  % | 2,357  % |
| 117 | 3,112  % | 4,081  % | 3,870  % | 3,663  % | 3,365  % | 2,358  % |
| 118 | 3,114  % | 4,075  % | 3,866  % | 3,662  % | 3,365  % | 2,359  % |
| 119 | 3,117  % | 4,070  % | 3,863  % | 3,660  % | 3,366  % | 2,360  % |
| 120 | 3,120  % | 4,065  % | 3,859  % | 3,658  % | 3,367  % | 2,360  % |
| 121 | 3,123  % | 4,060  % | 3,856  % | 3,656  % | 3,368  % | 2,361  % |
| 122 | 3,125  % | 4,055  % | 3,853  % | 3,655  % | 3,368  % | 2,362  % |
| 123 | 3,128  % | 4,050  % | 3,849  % | 3,653  % | 3,369  % | 2,362  % |
| 124 | 3,131  % | 4,045  % | 3,846  % | 3,651  % | 3,370  % | 2,363  % |
| 125 | 3,133  % | 4,040  % | 3,843  % | 3,650  % | 3,370  % | 2,364  % |
| 126 | 3,136  % | 4,035  % | 3,840  % | 3,648  % | 3,371  % | 2,365  % |
| 127 | 3,138  % | 4,031  % | 3,837  % | 3,647  % | 3,371  % | 2,365  % |
| 128 | 3,141  % | 4,026  % | 3,834  % | 3,645  % | 3,372  % | 2,366  % |
| 129 | 3,143  % | 4,022  % | 3,831  % | 3,643  % | 3,373  % | 2,367  % |
| 130 | 3,145  % | 4,017  % | 3,828  % | 3,642  % | 3,373  % | 2,367  % |
| 131 | 3,148  % | 4,013  % | 3,825  % | 3,641  % | 3,374  % | 2,368  % |
| 132 | 3,150  % | 4,009  % | 3,822  % | 3,639  % | 3,374  % | 2,368  % |
| 133 | 3,152  % | 4,005  % | 3,819  % | 3,638  % | 3,375  % | 2,369  % |
| 134 | 3,154  % | 4,000  % | 3,817  % | 3,636  % | 3,376  % | 2,370  % |
| 135 | 3,157  % | 3,996  % | 3,814  % | 3,635  % | 3,376  % | 2,370  % |
| 136 | 3,159  % | 3,992  % | 3,811  % | 3,634  % | 3,377  % | 2,371  % |
| 137 | 3,161  % | 3,988  % | 3,809  % | 3,632  % | 3,377  % | 2,371  % |
| 138 | 3,163  % | 3,984  % | 3,806  % | 3,631  % | 3,378  % | 2,372  % |
| 139 | 3,165  % | 3,981  % | 3,803  % | 3,630  % | 3,378  % | 2,373  % |
| 140 | 3,167  % | 3,977  % | 3,801  % | 3,628  % | 3,379  % | 2,373  % |
| 141 | 3,169  % | 3,973  % | 3,798  % | 3,627  % | 3,379  % | 2,374  % |
| 142 | 3,171  % | 3,969  % | 3,796  % | 3,626  % | 3,380  % | 2,374  % |
| 143 | 3,173  % | 3,966  % | 3,794  % | 3,625  % | 3,380  % | 2,375  % |
| 144 | 3,175  % | 3,962  % | 3,791  % | 3,623  % | 3,381  % | 2,375  % |
| 145 | 3,177  % | 3,959  % | 3,789  % | 3,622  % | 3,381  % | 2,376  % |
| 146 | 3,179  % | 3,955  % | 3,786  % | 3,621  % | 3,382  % | 2,376  % |
| 147 | 3,181  % | 3,952  % | 3,784  % | 3,620  % | 3,382  % | 2,377  % |
| 148 | 3,182  % | 3,948  % | 3,782  % | 3,619  % | 3,383  % | 2,377  % |
| 149 | 3,184  % | 3,945  % | 3,780  % | 3,618  % | 3,383  % | 2,378  % |
| 150 | 3,186  % | 3,942  % | 3,777  % | 3,616  % | 3,383  % | 2,378  % |

Term to maturity (in years)

Pound sterling

Romanian leu

Zloty

Króna

Norwegian krone

Swiss franc

1

4,550  %

6,633  %

5,949  %

8,226  %

3,598  %

1,936  %

2

4,290  %

6,913  %

5,901  %

8,018  %

3,493  %

1,925  %

3

4,081  %

7,083  %

5,892  %

7,762  %

3,341  %

1,908  %

4

3,919  %

7,158  %

5,871  %

7,444  %

3,205  %

1,895  %

5

3,778  %

7,204  %

5,866  %

7,081  %

3,109  %

1,889  %

6

3,658  %

7,239  %

5,869  %

6,715  %

3,055  %

1,890  %

7

3,561  %

7,265  %

5,877  %

6,371  %

3,027  %

1,895  %

8

3,493  %

7,284  %

5,888  %

6,064  %

3,014  %

1,903  %

9

3,448  %

7,301  %

5,905  %

5,803  %

3,009  %

1,913  %

10

3,421  %

7,311  %

5,920  %

5,590  %

3,010  %

1,924  %

11

3,404  %

7,293  %

5,916  %

5,414  %

3,013  %

1,936  %

12

3,393  %

7,251  %

5,895  %

5,267  %

3,019  %

1,949  %

13

3,384  %

7,192  %

5,862  %

5,142  %

3,025  %

1,961  %

14

3,375  %

7,120  %

5,820  %

5,034  %

3,033  %

1,973  %

15

3,366  %

7,041  %

5,772  %

4,939  %

3,041  %

1,986  %

16

3,356  %

6,956  %

5,720  %

4,856  %

3,049  %

1,998  %

17

3,345  %

6,868  %

5,666  %

4,782  %

3,058  %

2,010  %

18

3,333  %

6,778  %

5,610  %

4,716  %

3,067  %

2,021  %

19

3,321  %

6,687  %

5,554  %

4,656  %

3,075  %

2,032  %

20

3,310  %

6,597  %

5,498  %

4,602  %

3,084  %

2,043  %

21

3,298  %

6,509  %

5,442  %

4,553  %

3,092  %

2,054  %

22

3,287  %

6,422  %

5,388  %

4,508  %

3,101  %

2,064  %

23

3,275  %

6,337  %

5,334  %

4,466  %

3,109  %

2,074  %

24

3,262  %

6,254  %

5,282  %

4,428  %

3,117  %

2,083  %

25

3,248  %

6,174  %

5,232  %

4,393  %

3,124  %

2,092  %

26

3,232  %

6,096  %

5,183  %

4,360  %

3,132  %

2,101  %

27

3,215  %

6,021  %

5,136  %

4,329  %

3,139  %

2,110  %

28

3,196  %

5,949  %

5,090  %

4,300  %

3,146  %

2,118  %

29

3,174  %

5,880  %

5,046  %

4,274  %

3,153  %

2,126  %

30

3,151  %

5,814  %

5,004  %

4,248  %

3,160  %

2,133  %

31

3,125  %

5,750  %

4,963  %

4,225  %

3,166  %

2,141  %

32

3,098  %

5,688  %

4,924  %

4,202  %

3,173  %

2,148  %

33

3,070  %

5,629  %

4,886  %

4,181  %

3,179  %

2,155  %

34

3,043  %

5,573  %

4,850  %

4,161  %

3,184  %

2,161  %

35

3,016  %

5,519  %

4,815  %

4,142  %

3,190  %

2,168  %

36

2,989  %

5,467  %

4,782  %

4,124  %

3,196  %

2,174  %

37

2,965  %

5,417  %

4,750  %

4,107  %

3,201  %

2,180  %

38

2,941  %

5,370  %

4,719  %

4,091  %

3,206  %

2,185  %

39

2,919  %

5,324  %

4,689  %

4,076  %

3,211  %

2,191  %

40

2,899  %

5,280  %

4,661  %

4,061  %

3,216  %

2,196  %

41

2,881  %

5,238  %

4,633  %

4,047  %

3,221  %

2,201  %

42

2,864  %

5,197  %

4,607  %

4,033  %

3,225  %

2,206  %

43

2,849  %

5,159  %

4,582  %

4,020  %

3,229  %

2,211  %

44

2,836  %

5,121  %

4,558  %

4,008  %

3,234  %

2,216  %

45

2,825  %

5,085  %

4,534  %

3,996  %

3,238  %

2,220  %

46

2,816  %

5,051  %

4,512  %

3,985  %

3,242  %

2,225  %

47

2,808  %

5,018  %

4,490  %

3,974  %

3,246  %

2,229  %

48

2,802  %

4,986  %

4,469  %

3,964  %

3,249  %

2,233  %

49

2,798  %

4,955  %

4,449  %

3,953  %

3,253  %

2,237  %

50

2,795  %

4,926  %

4,430  %

3,944  %

3,256  %

2,241  %

51

2,794  %

4,897  %

4,411  %

3,934  %

3,260  %

2,244  %

52

2,795  %

4,870  %

4,393  %

3,925  %

3,263  %

2,248  %

53

2,797  %

4,843  %

4,376  %

3,917  %

3,266  %

2,251  %

54

2,800  %

4,818  %

4,359  %

3,908  %

3,269  %

2,255  %

55

2,803  %

4,793  %

4,343  %

3,900  %

3,272  %

2,258  %

56

2,808  %

4,769  %

4,327  %

3,893  %

3,275  %

2,261  %

57

2,812  %

4,746  %

4,312  %

3,885  %

3,278  %

2,264  %

58

2,818  %

4,724  %

4,297  %

3,878  %

3,281  %

2,267  %

59

2,824  %

4,703  %

4,283  %

3,871  %

3,283  %

2,270  %

60

2,830  %

4,682  %

4,269  %

3,864  %

3,286  %

2,273  %

61

2,836  %

4,662  %

4,256  %

3,857  %

3,289  %

2,276  %

62

2,843  %

4,642  %

4,243  %

3,851  %

3,291  %

2,278  %

63

2,849  %

4,623  %

4,230  %

3,844  %

3,293  %

2,281  %

64

2,856  %

4,605  %

4,218  %

3,838  %

3,296  %

2,284  %

65

2,863  %

4,587  %

4,206  %

3,833  %

3,298  %

2,286  %

66

2,869  %

4,570  %

4,195  %

3,827  %

3,300  %

2,288  %

67

2,876  %

4,553  %

4,184  %

3,821  %

3,302  %

2,291  %

68

2,883  %

4,537  %

4,173  %

3,816  %

3,304  %

2,293  %

69

2,890  %

4,521  %

4,163  %

3,811  %

3,306  %

2,295  %

70

2,896  %

4,506  %

4,153  %

3,806  %

3,308  %

2,297  %

71

2,903  %

4,491  %

4,143  %

3,801  %

3,310  %

2,299  %

72

2,910  %

4,476  %

4,133  %

3,796  %

3,312  %

2,301  %

73

2,916  %

4,462  %

4,124  %

3,791  %

3,314  %

2,303  %

74

2,923  %

4,449  %

4,115  %

3,787  %

3,316  %

2,305  %

75

2,929  %

4,435  %

4,106  %

3,782  %

3,318  %

2,307  %

76

2,935  %

4,422  %

4,097  %

3,778  %

3,319  %

2,309  %

77

2,941  %

4,410  %

4,089  %

3,774  %

3,321  %

2,311  %

78

2,947  %

4,397  %

4,080  %

3,770  %

3,323  %

2,313  %

79

2,953  %

4,385  %

4,072  %

3,766  %

3,324  %

2,314  %

80

2,959  %

4,374  %

4,065  %

3,762  %

3,326  %

2,316  %

81

2,965  %

4,362  %

4,057  %

3,758  %

3,327  %

2,318  %

82

2,970  %

4,351  %

4,050  %

3,754  %

3,329  %

2,319  %

83

2,976  %

4,340  %

4,042  %

3,750  %

3,330  %

2,321  %

84

2,981  %

4,329  %

4,035  %

3,747  %

3,331  %

2,322  %

85

2,986  %

4,319  %

4,028  %

3,743  %

3,333  %

2,324  %

86

2,992  %

4,309  %

4,022  %

3,740  %

3,334  %

2,325  %

87

2,997  %

4,299  %

4,015  %

3,737  %

3,335  %

2,327  %

88

3,002  %

4,289  %

4,009  %

3,733  %

3,337  %

2,328  %

89

3,007  %

4,280  %

4,002  %

3,730  %

3,338  %

2,329  %

90

3,011  %

4,271  %

3,996  %

3,727  %

3,339  %

2,331  %

91

3,016  %

4,261  %

3,990  %

3,724  %

3,340  %

2,332  %

92

3,021  %

4,253  %

3,984  %

3,721  %

3,342  %

2,333  %

93

3,025  %

4,244  %

3,979  %

3,718  %

3,343  %

2,334  %

94

3,030  %

4,236  %

3,973  %

3,715  %

3,344  %

2,336  %

95

3,034  %

4,227  %

3,967  %

3,713  %

3,345  %

2,337  %

96

3,038  %

4,219  %

3,962  %

3,710  %

3,346  %

2,338  %

97

3,042  %

4,211  %

3,957  %

3,707  %

3,347  %

2,339  %

98

3,047  %

4,203  %

3,952  %

3,705  %

3,348  %

2,340  %

99

3,051  %

4,196  %

3,947  %

3,702  %

3,349  %

2,341  %

100

3,055  %

4,188  %

3,942  %

3,700  %

3,350  %

2,342  %

101

3,058  %

4,181  %

3,937  %

3,697  %

3,351  %

2,344  %

102

3,062  %

4,174  %

3,932  %

3,695  %

3,352  %

2,345  %

103

3,066  %

4,167  %

3,927  %

3,692  %

3,353  %

2,346  %

104

3,070  %

4,160  %

3,923  %

3,690  %

3,354  %

2,347  %

105

3,073  %

4,153  %

3,918  %

3,688  %

3,355  %

2,348  %

106

3,077  %

4,146  %

3,914  %

3,685  %

3,356  %

2,349  %

107

3,080  %

4,140  %

3,909  %

3,683  %

3,357  %

2,349  %

108

3,084  %

4,133  %

3,905  %

3,681  %

3,358  %

2,350  %

109

3,087  %

4,127  %

3,901  %

3,679  %

3,358  %

2,351  %

110

3,090  %

4,121  %

3,897  %

3,677  %

3,359  %

2,352  %

111

3,093  %

4,115  %

3,893  %

3,675  %

3,360  %

2,353  %

112

3,097  %

4,109  %

3,889  %

3,673  %

3,361  %

2,354  %

113

3,100  %

4,103  %

3,885  %

3,671  %

3,362  %

2,355  %

114

3,103  %

4,097  %

3,881  %

3,669  %

3,362  %

2,356  %

115

3,106  %

4,092  %

3,877  %

3,667  %

3,363  %

2,356  %

116

3,109  %

4,086  %

3,874  %

3,665  %

3,364  %

2,357  %

117

3,112  %

4,081  %

3,870  %

3,663  %

3,365  %

2,358  %

118

3,114  %

4,075  %

3,866  %

3,662  %

3,365  %

2,359  %

119

3,117  %

4,070  %

3,863  %

3,660  %

3,366  %

2,360  %

120

3,120  %

4,065  %

3,859  %

3,658  %

3,367  %

2,360  %

121

3,123  %

4,060  %

3,856  %

3,656  %

3,368  %

2,361  %

122

3,125  %

4,055  %

3,853  %

3,655  %

3,368  %

2,362  %

123

3,128  %

4,050  %

3,849  %

3,653  %

3,369  %

2,362  %

124

3,131  %

4,045  %

3,846  %

3,651  %

3,370  %

2,363  %

125

3,133  %

4,040  %

3,843  %

3,650  %

3,370  %

2,364  %

126

3,136  %

4,035  %

3,840  %

3,648  %

3,371  %

2,365  %

127

3,138  %

4,031  %

3,837  %

3,647  %

3,371  %

2,365  %

128

3,141  %

4,026  %

3,834  %

3,645  %

3,372  %

2,366  %

129

3,143  %

4,022  %

3,831  %

3,643  %

3,373  %

2,367  %

130

3,145  %

4,017  %

3,828  %

3,642  %

3,373  %

2,367  %

131

3,148  %

4,013  %

3,825  %

3,641  %

3,374  %

2,368  %

132

3,150  %

4,009  %

3,822  %

3,639  %

3,374  %

2,368  %

133

3,152  %

4,005  %

3,819  %

3,638  %

3,375  %

2,369  %

134

3,154  %

4,000  %

3,817  %

3,636  %

3,376  %

2,370  %

135

3,157  %

3,996  %

3,814  %

3,635  %

3,376  %

2,370  %

136

3,159  %

3,992  %

3,811  %

3,634  %

3,377  %

2,371  %

137

3,161  %

3,988  %

3,809  %

3,632  %

3,377  %

2,371  %

138

3,163  %

3,984  %

3,806  %

3,631  %

3,378  %

2,372  %

139

3,165  %

3,981  %

3,803  %

3,630  %

3,378  %

2,373  %

140

3,167  %

3,977  %

3,801  %

3,628  %

3,379  %

2,373  %

141

3,169  %

3,973  %

3,798  %

3,627  %

3,379  %

2,374  %

142

3,171  %

3,969  %

3,796  %

3,626  %

3,380  %

2,374  %

143

3,173  %

3,966  %

3,794  %

3,625  %

3,380  %

2,375  %

144

3,175  %

3,962  %

3,791  %

3,623  %

3,381  %

2,375  %

145

3,177  %

3,959  %

3,789  %

3,622  %

3,381  %

2,376  %

146

3,179  %

3,955  %

3,786  %

3,621  %

3,382  %

2,376  %

147

3,181  %

3,952  %

3,784  %

3,620  %

3,382  %

2,377  %

148

3,182  %

3,948  %

3,782  %

3,619  %

3,383  %

2,377  %

149

3,184  %

3,945  %

3,780  %

3,618  %

3,383  %

2,378  %

150

3,186  %

3,942  %

3,777  %

3,616  %

3,383  %

2,378  %

| Term to maturity (in years) | Australian dollar | Baht | Canadian dollar | Chilean peso | Colombian peso | Hong Kong dollar |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 3,653  % | 1,887  % | 4,277  % | 7,538  % | 10,381  % | 4,049  % |
| 2 | 3,559  % | 1,834  % | 3,976  % | 6,721  % | 10,732  % | 3,724  % |
| 3 | 3,462  % | 1,839  % | 3,564  % | 6,208  % | 10,922  % | 3,599  % |
| 4 | 3,362  % | 1,872  % | 3,273  % | 5,841  % | 11,082  % | 3,525  % |
| 5 | 3,415  % | 1,933  % | 3,105  % | 5,577  % | 11,219  % | 3,440  % |
| 6 | 3,497  % | 2,011  % | 3,037  % | 5,385  % | 11,320  % | 3,432  % |
| 7 | 3,576  % | 2,099  % | 3,023  % | 5,246  % | 11,431  % | 3,456  % |
| 8 | 3,651  % | 2,191  % | 3,030  % | 5,149  % | 11,537  % | 3,468  % |
| 9 | 3,713  % | 2,281  % | 3,045  % | 5,083  % | 11,621  % | 3,470  % |
| 10 | 3,762  % | 2,366  % | 3,060  % | 5,036  % | 11,697  % | 3,469  % |
| 11 | 3,808  % | 2,446  % | 3,071  % | 4,997  % | 11,720  % | 3,469  % |
| 12 | 3,850  % | 2,521  % | 3,079  % | 4,965  % | 11,690  % | 3,469  % |
| 13 | 3,881  % | 2,590  % | 3,084  % | 4,937  % | 11,622  % | 3,470  % |
| 14 | 3,901  % | 2,653  % | 3,087  % | 4,913  % | 11,523  % | 3,471  % |
| 15 | 3,909  % | 2,709  % | 3,090  % | 4,892  % | 11,402  % | 3,471  % |
| 16 | 3,908  % | 2,758  % | 3,092  % | 4,873  % | 11,264  % | 3,472  % |
| 17 | 3,897  % | 2,801  % | 3,093  % | 4,856  % | 11,115  % | 3,472  % |
| 18 | 3,878  % | 2,840  % | 3,094  % | 4,841  % | 10,957  % | 3,472  % |
| 19 | 3,853  % | 2,874  % | 3,095  % | 4,827  % | 10,794  % | 3,472  % |
| 20 | 3,820  % | 2,904  % | 3,096  % | 4,814  % | 10,629  % | 3,472  % |
| 21 | 3,783  % | 2,932  % | 3,097  % | 4,802  % | 10,462  % | 3,472  % |
| 22 | 3,741  % | 2,957  % | 3,098  % | 4,792  % | 10,297  % | 3,472  % |
| 23 | 3,698  % | 2,980  % | 3,099  % | 4,782  % | 10,133  % | 3,472  % |
| 24 | 3,654  % | 3,001  % | 3,101  % | 4,773  % | 9,973  % | 3,472  % |
| 25 | 3,610  % | 3,020  % | 3,103  % | 4,764  % | 9,816  % | 3,472  % |
| 26 | 3,568  % | 3,038  % | 3,105  % | 4,756  % | 9,664  % | 3,472  % |
| 27 | 3,528  % | 3,054  % | 3,108  % | 4,748  % | 9,516  % | 3,471  % |
| 28 | 3,492  % | 3,069  % | 3,110  % | 4,741  % | 9,373  % | 3,471  % |
| 29 | 3,459  % | 3,083  % | 3,113  % | 4,735  % | 9,236  % | 3,471  % |
| 30 | 3,430  % | 3,096  % | 3,117  % | 4,728  % | 9,103  % | 3,471  % |
| 31 | 3,406  % | 3,108  % | 3,121  % | 4,722  % | 8,976  % | 3,470  % |
| 32 | 3,387  % | 3,119  % | 3,125  % | 4,717  % | 8,853  % | 3,470  % |
| 33 | 3,370  % | 3,130  % | 3,129  % | 4,711  % | 8,736  % | 3,470  % |
| 34 | 3,357  % | 3,140  % | 3,133  % | 4,706  % | 8,623  % | 3,470  % |
| 35 | 3,346  % | 3,149  % | 3,138  % | 4,701  % | 8,515  % | 3,469  % |
| 36 | 3,337  % | 3,158  % | 3,143  % | 4,697  % | 8,412  % | 3,469  % |
| 37 | 3,329  % | 3,166  % | 3,147  % | 4,692  % | 8,313  % | 3,469  % |
| 38 | 3,323  % | 3,174  % | 3,152  % | 4,688  % | 8,218  % | 3,469  % |
| 39 | 3,319  % | 3,182  % | 3,157  % | 4,684  % | 8,128  % | 3,468  % |
| 40 | 3,315  % | 3,189  % | 3,161  % | 4,680  % | 8,041  % | 3,468  % |
| 41 | 3,312  % | 3,195  % | 3,166  % | 4,676  % | 7,957  % | 3,468  % |
| 42 | 3,310  % | 3,202  % | 3,170  % | 4,672  % | 7,877  % | 3,468  % |
| 43 | 3,309  % | 3,208  % | 3,175  % | 4,669  % | 7,801  % | 3,467  % |
| 44 | 3,308  % | 3,214  % | 3,179  % | 4,666  % | 7,727  % | 3,467  % |
| 45 | 3,308  % | 3,219  % | 3,184  % | 4,662  % | 7,657  % | 3,467  % |
| 46 | 3,308  % | 3,224  % | 3,188  % | 4,659  % | 7,589  % | 3,467  % |
| 47 | 3,308  % | 3,229  % | 3,192  % | 4,656  % | 7,524  % | 3,467  % |
| 48 | 3,308  % | 3,234  % | 3,196  % | 4,653  % | 7,461  % | 3,466  % |
| 49 | 3,309  % | 3,239  % | 3,201  % | 4,651  % | 7,401  % | 3,466  % |
| 50 | 3,310  % | 3,243  % | 3,205  % | 4,648  % | 7,343  % | 3,466  % |
| 51 | 3,311  % | 3,247  % | 3,208  % | 4,645  % | 7,288  % | 3,466  % |
| 52 | 3,312  % | 3,251  % | 3,212  % | 4,643  % | 7,234  % | 3,465  % |
| 53 | 3,314  % | 3,255  % | 3,216  % | 4,640  % | 7,183  % | 3,465  % |
| 54 | 3,315  % | 3,259  % | 3,220  % | 4,638  % | 7,133  % | 3,465  % |
| 55 | 3,317  % | 3,263  % | 3,223  % | 4,636  % | 7,085  % | 3,465  % |
| 56 | 3,318  % | 3,266  % | 3,227  % | 4,634  % | 7,038  % | 3,465  % |
| 57 | 3,320  % | 3,269  % | 3,230  % | 4,632  % | 6,994  % | 3,464  % |
| 58 | 3,321  % | 3,273  % | 3,233  % | 4,629  % | 6,950  % | 3,464  % |
| 59 | 3,323  % | 3,276  % | 3,237  % | 4,627  % | 6,909  % | 3,464  % |
| 60 | 3,324  % | 3,279  % | 3,240  % | 4,625  % | 6,868  % | 3,464  % |
| 61 | 3,326  % | 3,282  % | 3,243  % | 4,624  % | 6,829  % | 3,464  % |
| 62 | 3,328  % | 3,284  % | 3,246  % | 4,622  % | 6,791  % | 3,464  % |
| 63 | 3,329  % | 3,287  % | 3,249  % | 4,620  % | 6,755  % | 3,463  % |
| 64 | 3,331  % | 3,290  % | 3,252  % | 4,618  % | 6,719  % | 3,463  % |
| 65 | 3,332  % | 3,292  % | 3,255  % | 4,616  % | 6,685  % | 3,463  % |
| 66 | 3,334  % | 3,295  % | 3,257  % | 4,615  % | 6,651  % | 3,463  % |
| 67 | 3,335  % | 3,297  % | 3,260  % | 4,613  % | 6,619  % | 3,463  % |
| 68 | 3,337  % | 3,299  % | 3,263  % | 4,612  % | 6,588  % | 3,463  % |
| 69 | 3,338  % | 3,302  % | 3,265  % | 4,610  % | 6,557  % | 3,462  % |
| 70 | 3,340  % | 3,304  % | 3,268  % | 4,609  % | 6,527  % | 3,462  % |
| 71 | 3,341  % | 3,306  % | 3,270  % | 4,607  % | 6,499  % | 3,462  % |
| 72 | 3,342  % | 3,308  % | 3,272  % | 4,606  % | 6,471  % | 3,462  % |
| 73 | 3,344  % | 3,310  % | 3,275  % | 4,604  % | 6,443  % | 3,462  % |
| 74 | 3,345  % | 3,312  % | 3,277  % | 4,603  % | 6,417  % | 3,462  % |
| 75 | 3,346  % | 3,314  % | 3,279  % | 4,602  % | 6,391  % | 3,462  % |
| 76 | 3,348  % | 3,316  % | 3,281  % | 4,600  % | 6,366  % | 3,461  % |
| 77 | 3,349  % | 3,317  % | 3,283  % | 4,599  % | 6,342  % | 3,461  % |
| 78 | 3,350  % | 3,319  % | 3,286  % | 4,598  % | 6,318  % | 3,461  % |
| 79 | 3,351  % | 3,321  % | 3,288  % | 4,597  % | 6,295  % | 3,461  % |
| 80 | 3,353  % | 3,322  % | 3,290  % | 4,596  % | 6,272  % | 3,461  % |
| 81 | 3,354  % | 3,324  % | 3,291  % | 4,595  % | 6,250  % | 3,461  % |
| 82 | 3,355  % | 3,325  % | 3,293  % | 4,593  % | 6,229  % | 3,461  % |
| 83 | 3,356  % | 3,327  % | 3,295  % | 4,592  % | 6,208  % | 3,461  % |
| 84 | 3,357  % | 3,328  % | 3,297  % | 4,591  % | 6,187  % | 3,460  % |
| 85 | 3,358  % | 3,330  % | 3,299  % | 4,590  % | 6,167  % | 3,460  % |
| 86 | 3,359  % | 3,331  % | 3,300  % | 4,589  % | 6,147  % | 3,460  % |
| 87 | 3,360  % | 3,333  % | 3,302  % | 4,588  % | 6,128  % | 3,460  % |
| 88 | 3,361  % | 3,334  % | 3,304  % | 4,587  % | 6,110  % | 3,460  % |
| 89 | 3,362  % | 3,335  % | 3,305  % | 4,586  % | 6,092  % | 3,460  % |
| 90 | 3,363  % | 3,337  % | 3,307  % | 4,585  % | 6,074  % | 3,460  % |
| 91 | 3,364  % | 3,338  % | 3,309  % | 4,584  % | 6,056  % | 3,460  % |
| 92 | 3,365  % | 3,339  % | 3,310  % | 4,584  % | 6,039  % | 3,460  % |
| 93 | 3,366  % | 3,340  % | 3,312  % | 4,583  % | 6,023  % | 3,459  % |
| 94 | 3,367  % | 3,342  % | 3,313  % | 4,582  % | 6,006  % | 3,459  % |
| 95 | 3,368  % | 3,343  % | 3,314  % | 4,581  % | 5,990  % | 3,459  % |
| 96 | 3,369  % | 3,344  % | 3,316  % | 4,580  % | 5,975  % | 3,459  % |
| 97 | 3,369  % | 3,345  % | 3,317  % | 4,579  % | 5,959  % | 3,459  % |
| 98 | 3,370  % | 3,346  % | 3,318  % | 4,579  % | 5,944  % | 3,459  % |
| 99 | 3,371  % | 3,347  % | 3,320  % | 4,578  % | 5,930  % | 3,459  % |
| 100 | 3,372  % | 3,348  % | 3,321  % | 4,577  % | 5,915  % | 3,459  % |
| 101 | 3,373  % | 3,349  % | 3,322  % | 4,576  % | 5,901  % | 3,459  % |
| 102 | 3,373  % | 3,350  % | 3,324  % | 4,575  % | 5,887  % | 3,459  % |
| 103 | 3,374  % | 3,351  % | 3,325  % | 4,575  % | 5,874  % | 3,459  % |
| 104 | 3,375  % | 3,352  % | 3,326  % | 4,574  % | 5,861  % | 3,459  % |
| 105 | 3,376  % | 3,353  % | 3,327  % | 4,573  % | 5,847  % | 3,458  % |
| 106 | 3,376  % | 3,354  % | 3,328  % | 4,573  % | 5,835  % | 3,458  % |
| 107 | 3,377  % | 3,355  % | 3,329  % | 4,572  % | 5,822  % | 3,458  % |
| 108 | 3,378  % | 3,356  % | 3,331  % | 4,571  % | 5,810  % | 3,458  % |
| 109 | 3,378  % | 3,357  % | 3,332  % | 4,571  % | 5,798  % | 3,458  % |
| 110 | 3,379  % | 3,357  % | 3,333  % | 4,570  % | 5,786  % | 3,458  % |
| 111 | 3,380  % | 3,358  % | 3,334  % | 4,569  % | 5,774  % | 3,458  % |
| 112 | 3,380  % | 3,359  % | 3,335  % | 4,569  % | 5,763  % | 3,458  % |
| 113 | 3,381  % | 3,360  % | 3,336  % | 4,568  % | 5,752  % | 3,458  % |
| 114 | 3,381  % | 3,361  % | 3,337  % | 4,568  % | 5,740  % | 3,458  % |
| 115 | 3,382  % | 3,361  % | 3,338  % | 4,567  % | 5,730  % | 3,458  % |
| 116 | 3,383  % | 3,362  % | 3,339  % | 4,566  % | 5,719  % | 3,458  % |
| 117 | 3,383  % | 3,363  % | 3,340  % | 4,566  % | 5,708  % | 3,458  % |
| 118 | 3,384  % | 3,364  % | 3,341  % | 4,565  % | 5,698  % | 3,458  % |
| 119 | 3,384  % | 3,364  % | 3,342  % | 4,565  % | 5,688  % | 3,457  % |
| 120 | 3,385  % | 3,365  % | 3,342  % | 4,564  % | 5,678  % | 3,457  % |
| 121 | 3,385  % | 3,366  % | 3,343  % | 4,564  % | 5,668  % | 3,457  % |
| 122 | 3,386  % | 3,367  % | 3,344  % | 4,563  % | 5,659  % | 3,457  % |
| 123 | 3,386  % | 3,367  % | 3,345  % | 4,563  % | 5,649  % | 3,457  % |
| 124 | 3,387  % | 3,368  % | 3,346  % | 4,562  % | 5,640  % | 3,457  % |
| 125 | 3,387  % | 3,369  % | 3,347  % | 4,562  % | 5,631  % | 3,457  % |
| 126 | 3,388  % | 3,369  % | 3,348  % | 4,561  % | 5,622  % | 3,457  % |
| 127 | 3,388  % | 3,370  % | 3,348  % | 4,561  % | 5,613  % | 3,457  % |
| 128 | 3,389  % | 3,370  % | 3,349  % | 4,560  % | 5,604  % | 3,457  % |
| 129 | 3,389  % | 3,371  % | 3,350  % | 4,560  % | 5,595  % | 3,457  % |
| 130 | 3,390  % | 3,372  % | 3,351  % | 4,559  % | 5,587  % | 3,457  % |
| 131 | 3,390  % | 3,372  % | 3,351  % | 4,559  % | 5,579  % | 3,457  % |
| 132 | 3,391  % | 3,373  % | 3,352  % | 4,558  % | 5,570  % | 3,457  % |
| 133 | 3,391  % | 3,373  % | 3,353  % | 4,558  % | 5,562  % | 3,457  % |
| 134 | 3,392  % | 3,374  % | 3,354  % | 4,558  % | 5,554  % | 3,457  % |
| 135 | 3,392  % | 3,375  % | 3,354  % | 4,557  % | 5,547  % | 3,457  % |
| 136 | 3,392  % | 3,375  % | 3,355  % | 4,557  % | 5,539  % | 3,457  % |
| 137 | 3,393  % | 3,376  % | 3,356  % | 4,556  % | 5,531  % | 3,457  % |
| 138 | 3,393  % | 3,376  % | 3,356  % | 4,556  % | 5,524  % | 3,456  % |
| 139 | 3,394  % | 3,377  % | 3,357  % | 4,556  % | 5,516  % | 3,456  % |
| 140 | 3,394  % | 3,377  % | 3,358  % | 4,555  % | 5,509  % | 3,456  % |
| 141 | 3,395  % | 3,378  % | 3,358  % | 4,555  % | 5,502  % | 3,456  % |
| 142 | 3,395  % | 3,378  % | 3,359  % | 4,554  % | 5,495  % | 3,456  % |
| 143 | 3,395  % | 3,379  % | 3,360  % | 4,554  % | 5,488  % | 3,456  % |
| 144 | 3,396  % | 3,379  % | 3,360  % | 4,554  % | 5,481  % | 3,456  % |
| 145 | 3,396  % | 3,380  % | 3,361  % | 4,553  % | 5,474  % | 3,456  % |
| 146 | 3,396  % | 3,380  % | 3,362  % | 4,553  % | 5,467  % | 3,456  % |
| 147 | 3,397  % | 3,381  % | 3,362  % | 4,553  % | 5,461  % | 3,456  % |
| 148 | 3,397  % | 3,381  % | 3,363  % | 4,552  % | 5,454  % | 3,456  % |
| 149 | 3,397  % | 3,382  % | 3,363  % | 4,552  % | 5,448  % | 3,456  % |
| 150 | 3,398  % | 3,382  % | 3,364  % | 4,551  % | 5,441  % | 3,456  % |

Term to maturity (in years)

Australian dollar

Baht

Canadian dollar

Chilean peso

Colombian peso

Hong Kong dollar

1

3,653  %

1,887  %

4,277  %

7,538  %

10,381  %

4,049  %

2

3,559  %

1,834  %

3,976  %

6,721  %

10,732  %

3,724  %

3

3,462  %

1,839  %

3,564  %

6,208  %

10,922  %

3,599  %

4

3,362  %

1,872  %

3,273  %

5,841  %

11,082  %

3,525  %

5

3,415  %

1,933  %

3,105  %

5,577  %

11,219  %

3,440  %

6

3,497  %

2,011  %

3,037  %

5,385  %

11,320  %

3,432  %

7

3,576  %

2,099  %

3,023  %

5,246  %

11,431  %

3,456  %

8

3,651  %

2,191  %

3,030  %

5,149  %

11,537  %

3,468  %

9

3,713  %

2,281  %

3,045  %

5,083  %

11,621  %

3,470  %

10

3,762  %

2,366  %

3,060  %

5,036  %

11,697  %

3,469  %

11

3,808  %

2,446  %

3,071  %

4,997  %

11,720  %

3,469  %

12

3,850  %

2,521  %

3,079  %

4,965  %

11,690  %

3,469  %

13

3,881  %

2,590  %

3,084  %

4,937  %

11,622  %

3,470  %

14

3,901  %

2,653  %

3,087  %

4,913  %

11,523  %

3,471  %

15

3,909  %

2,709  %

3,090  %

4,892  %

11,402  %

3,471  %

16

3,908  %

2,758  %

3,092  %

4,873  %

11,264  %

3,472  %

17

3,897  %

2,801  %

3,093  %

4,856  %

11,115  %

3,472  %

18

3,878  %

2,840  %

3,094  %

4,841  %

10,957  %

3,472  %

19

3,853  %

2,874  %

3,095  %

4,827  %

10,794  %

3,472  %

20

3,820  %

2,904  %

3,096  %

4,814  %

10,629  %

3,472  %

21

3,783  %

2,932  %

3,097  %

4,802  %

10,462  %

3,472  %

22

3,741  %

2,957  %

3,098  %

4,792  %

10,297  %

3,472  %

23

3,698  %

2,980  %

3,099  %

4,782  %

10,133  %

3,472  %

24

3,654  %

3,001  %

3,101  %

4,773  %

9,973  %

3,472  %

25

3,610  %

3,020  %

3,103  %

4,764  %

9,816  %

3,472  %

26

3,568  %

3,038  %

3,105  %

4,756  %

9,664  %

3,472  %

27

3,528  %

3,054  %

3,108  %

4,748  %

9,516  %

3,471  %

28

3,492  %

3,069  %

3,110  %

4,741  %

9,373  %

3,471  %

29

3,459  %

3,083  %

3,113  %

4,735  %

9,236  %

3,471  %

30

3,430  %

3,096  %

3,117  %

4,728  %

9,103  %

3,471  %

31

3,406  %

3,108  %

3,121  %

4,722  %

8,976  %

3,470  %

32

3,387  %

3,119  %

3,125  %

4,717  %

8,853  %

3,470  %

33

3,370  %

3,130  %

3,129  %

4,711  %

8,736  %

3,470  %

34

3,357  %

3,140  %

3,133  %

4,706  %

8,623  %

3,470  %

35

3,346  %

3,149  %

3,138  %

4,701  %

8,515  %

3,469  %

36

3,337  %

3,158  %

3,143  %

4,697  %

8,412  %

3,469  %

37

3,329  %

3,166  %

3,147  %

4,692  %

8,313  %

3,469  %

38

3,323  %

3,174  %

3,152  %

4,688  %

8,218  %

3,469  %

39

3,319  %

3,182  %

3,157  %

4,684  %

8,128  %

3,468  %

40

3,315  %

3,189  %

3,161  %

4,680  %

8,041  %

3,468  %

41

3,312  %

3,195  %

3,166  %

4,676  %

7,957  %

3,468  %

42

3,310  %

3,202  %

3,170  %

4,672  %

7,877  %

3,468  %

43

3,309  %

3,208  %

3,175  %

4,669  %

7,801  %

3,467  %

44

3,308  %

3,214  %

3,179  %

4,666  %

7,727  %

3,467  %

45

3,308  %

3,219  %

3,184  %

4,662  %

7,657  %

3,467  %

46

3,308  %

3,224  %

3,188  %

4,659  %

7,589  %

3,467  %

47

3,308  %

3,229  %

3,192  %

4,656  %

7,524  %

3,467  %

48

3,308  %

3,234  %

3,196  %

4,653  %

7,461  %

3,466  %

49

3,309  %

3,239  %

3,201  %

4,651  %

7,401  %

3,466  %

50

3,310  %

3,243  %

3,205  %

4,648  %

7,343  %

3,466  %

51

3,311  %

3,247  %

3,208  %

4,645  %

7,288  %

3,466  %

52

3,312  %

3,251  %

3,212  %

4,643  %

7,234  %

3,465  %

53

3,314  %

3,255  %

3,216  %

4,640  %

7,183  %

3,465  %

54

3,315  %

3,259  %

3,220  %

4,638  %

7,133  %

3,465  %

55

3,317  %

3,263  %

3,223  %

4,636  %

7,085  %

3,465  %

56

3,318  %

3,266  %

3,227  %

4,634  %

7,038  %

3,465  %

57

3,320  %

3,269  %

3,230  %

4,632  %

6,994  %

3,464  %

58

3,321  %

3,273  %

3,233  %

4,629  %

6,950  %

3,464  %

59

3,323  %

3,276  %

3,237  %

4,627  %

6,909  %

3,464  %

60

3,324  %

3,279  %

3,240  %

4,625  %

6,868  %

3,464  %

61

3,326  %

3,282  %

3,243  %

4,624  %

6,829  %

3,464  %

62

3,328  %

3,284  %

3,246  %

4,622  %

6,791  %

3,464  %

63

3,329  %

3,287  %

3,249  %

4,620  %

6,755  %

3,463  %

64

3,331  %

3,290  %

3,252  %

4,618  %

6,719  %

3,463  %

65

3,332  %

3,292  %

3,255  %

4,616  %

6,685  %

3,463  %

66

3,334  %

3,295  %

3,257  %

4,615  %

6,651  %

3,463  %

67

3,335  %

3,297  %

3,260  %

4,613  %

6,619  %

3,463  %

68

3,337  %

3,299  %

3,263  %

4,612  %

6,588  %

3,463  %

69

3,338  %

3,302  %

3,265  %

4,610  %

6,557  %

3,462  %

70

3,340  %

3,304  %

3,268  %

4,609  %

6,527  %

3,462  %

71

3,341  %

3,306  %

3,270  %

4,607  %

6,499  %

3,462  %

72

3,342  %

3,308  %

3,272  %

4,606  %

6,471  %

3,462  %

73

3,344  %

3,310  %

3,275  %

4,604  %

6,443  %

3,462  %

74

3,345  %

3,312  %

3,277  %

4,603  %

6,417  %

3,462  %

75

3,346  %

3,314  %

3,279  %

4,602  %

6,391  %

3,462  %

76

3,348  %

3,316  %

3,281  %

4,600  %

6,366  %

3,461  %

77

3,349  %

3,317  %

3,283  %

4,599  %

6,342  %

3,461  %

78

3,350  %

3,319  %

3,286  %

4,598  %

6,318  %

3,461  %

79

3,351  %

3,321  %

3,288  %

4,597  %

6,295  %

3,461  %

80

3,353  %

3,322  %

3,290  %

4,596  %

6,272  %

3,461  %

81

3,354  %

3,324  %

3,291  %

4,595  %

6,250  %

3,461  %

82

3,355  %

3,325  %

3,293  %

4,593  %

6,229  %

3,461  %

83

3,356  %

3,327  %

3,295  %

4,592  %

6,208  %

3,461  %

84

3,357  %

3,328  %

3,297  %

4,591  %

6,187  %

3,460  %

85

3,358  %

3,330  %

3,299  %

4,590  %

6,167  %

3,460  %

86

3,359  %

3,331  %

3,300  %

4,589  %

6,147  %

3,460  %

87

3,360  %

3,333  %

3,302  %

4,588  %

6,128  %

3,460  %

88

3,361  %

3,334  %

3,304  %

4,587  %

6,110  %

3,460  %

89

3,362  %

3,335  %

3,305  %

4,586  %

6,092  %

3,460  %

90

3,363  %

3,337  %

3,307  %

4,585  %

6,074  %

3,460  %

91

3,364  %

3,338  %

3,309  %

4,584  %

6,056  %

3,460  %

92

3,365  %

3,339  %

3,310  %

4,584  %

6,039  %

3,460  %

93

3,366  %

3,340  %

3,312  %

4,583  %

6,023  %

3,459  %

94

3,367  %

3,342  %

3,313  %

4,582  %

6,006  %

3,459  %

95

3,368  %

3,343  %

3,314  %

4,581  %

5,990  %

3,459  %

96

3,369  %

3,344  %

3,316  %

4,580  %

5,975  %

3,459  %

97

3,369  %

3,345  %

3,317  %

4,579  %

5,959  %

3,459  %

98

3,370  %

3,346  %

3,318  %

4,579  %

5,944  %

3,459  %

99

3,371  %

3,347  %

3,320  %

4,578  %

5,930  %

3,459  %

100

3,372  %

3,348  %

3,321  %

4,577  %

5,915  %

3,459  %

101

3,373  %

3,349  %

3,322  %

4,576  %

5,901  %

3,459  %

102

3,373  %

3,350  %

3,324  %

4,575  %

5,887  %

3,459  %

103

3,374  %

3,351  %

3,325  %

4,575  %

5,874  %

3,459  %

104

3,375  %

3,352  %

3,326  %

4,574  %

5,861  %

3,459  %

105

3,376  %

3,353  %

3,327  %

4,573  %

5,847  %

3,458  %

106

3,376  %

3,354  %

3,328  %

4,573  %

5,835  %

3,458  %

107

3,377  %

3,355  %

3,329  %

4,572  %

5,822  %

3,458  %

108

3,378  %

3,356  %

3,331  %

4,571  %

5,810  %

3,458  %

109

3,378  %

3,357  %

3,332  %

4,571  %

5,798  %

3,458  %

110

3,379  %

3,357  %

3,333  %

4,570  %

5,786  %

3,458  %

111

3,380  %

3,358  %

3,334  %

4,569  %

5,774  %

3,458  %

112

3,380  %

3,359  %

3,335  %

4,569  %

5,763  %

3,458  %

113

3,381  %

3,360  %

3,336  %

4,568  %

5,752  %

3,458  %

114

3,381  %

3,361  %

3,337  %

4,568  %

5,740  %

3,458  %

115

3,382  %

3,361  %

3,338  %

4,567  %

5,730  %

3,458  %

116

3,383  %

3,362  %

3,339  %

4,566  %

5,719  %

3,458  %

117

3,383  %

3,363  %

3,340  %

4,566  %

5,708  %

3,458  %

118

3,384  %

3,364  %

3,341  %

4,565  %

5,698  %

3,458  %

119

3,384  %

3,364  %

3,342  %

4,565  %

5,688  %

3,457  %

120

3,385  %

3,365  %

3,342  %

4,564  %

5,678  %

3,457  %

121

3,385  %

3,366  %

3,343  %

4,564  %

5,668  %

3,457  %

122

3,386  %

3,367  %

3,344  %

4,563  %

5,659  %

3,457  %

123

3,386  %

3,367  %

3,345  %

4,563  %

5,649  %

3,457  %

124

3,387  %

3,368  %

3,346  %

4,562  %

5,640  %

3,457  %

125

3,387  %

3,369  %

3,347  %

4,562  %

5,631  %

3,457  %

126

3,388  %

3,369  %

3,348  %

4,561  %

5,622  %

3,457  %

127

3,388  %

3,370  %

3,348  %

4,561  %

5,613  %

3,457  %

128

3,389  %

3,370  %

3,349  %

4,560  %

5,604  %

3,457  %

129

3,389  %

3,371  %

3,350  %

4,560  %

5,595  %

3,457  %

130

3,390  %

3,372  %

3,351  %

4,559  %

5,587  %

3,457  %

131

3,390  %

3,372  %

3,351  %

4,559  %

5,579  %

3,457  %

132

3,391  %

3,373  %

3,352  %

4,558  %

5,570  %

3,457  %

133

3,391  %

3,373  %

3,353  %

4,558  %

5,562  %

3,457  %

134

3,392  %

3,374  %

3,354  %

4,558  %

5,554  %

3,457  %

135

3,392  %

3,375  %

3,354  %

4,557  %

5,547  %

3,457  %

136

3,392  %

3,375  %

3,355  %

4,557  %

5,539  %

3,457  %

137

3,393  %

3,376  %

3,356  %

4,556  %

5,531  %

3,457  %

138

3,393  %

3,376  %

3,356  %

4,556  %

5,524  %

3,456  %

139

3,394  %

3,377  %

3,357  %

4,556  %

5,516  %

3,456  %

140

3,394  %

3,377  %

3,358  %

4,555  %

5,509  %

3,456  %

141

3,395  %

3,378  %

3,358  %

4,555  %

5,502  %

3,456  %

142

3,395  %

3,378  %

3,359  %

4,554  %

5,495  %

3,456  %

143

3,395  %

3,379  %

3,360  %

4,554  %

5,488  %

3,456  %

144

3,396  %

3,379  %

3,360  %

4,554  %

5,481  %

3,456  %

145

3,396  %

3,380  %

3,361  %

4,553  %

5,474  %

3,456  %

146

3,396  %

3,380  %

3,362  %

4,553  %

5,467  %

3,456  %

147

3,397  %

3,381  %

3,362  %

4,553  %

5,461  %

3,456  %

148

3,397  %

3,381  %

3,363  %

4,552  %

5,454  %

3,456  %

149

3,397  %

3,382  %

3,363  %

4,552  %

5,448  %

3,456  %

150

3,398  %

3,382  %

3,364  %

4,551  %

5,441  %

3,456  %

| Term to maturity (in years) | Indian rupee | Mexican peso | New Taiwan dollar | New Zealand dollar | Rand | Real |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 7,130  % | 11,813  % | 0,979  % | 5,316  % | 8,251  % | 12,504  % |
| 2 | 7,142  % | 10,294  % | 0,985  % | 4,970  % | 7,998  % | 11,739  % |
| 3 | 7,177  % | 9,338  % | 0,997  % | 4,649  % | 7,969  % | 11,763  % |
| 4 | 7,199  % | 8,848  % | 1,013  % | 4,448  % | 8,091  % | 11,999  % |
| 5 | 7,230  % | 8,623  % | 1,031  % | 4,327  % | 8,304  % | 12,269  % |
| 6 | 7,267  % | 8,536  % | 1,052  % | 4,270  % | 8,603  % | 12,506  % |
| 7 | 7,303  % | 8,512  % | 1,075  % | 4,240  % | 8,899  % | 12,723  % |
| 8 | 7,336  % | 8,510  % | 1,097  % | 4,219  % | 9,168  % | 12,912  % |
| 9 | 7,369  % | 8,506  % | 1,121  % | 4,207  % | 9,406  % | 13,056  % |
| 10 | 7,393  % | 8,486  % | 1,145  % | 4,206  % | 9,610  % | 13,175  % |
| 11 | 7,399  % | 8,441  % | 1,182  % | 4,216  % | 9,778  % | 13,229  % |
| 12 | 7,389  % | 8,378  % | 1,231  % | 4,234  % | 9,912  % | 13,222  % |
| 13 | 7,369  % | 8,301  % | 1,287  % | 4,255  % | 10,013  % | 13,168  % |
| 14 | 7,341  % | 8,216  % | 1,346  % | 4,277  % | 10,081  % | 13,077  % |
| 15 | 7,307  % | 8,125  % | 1,407  % | 4,299  % | 10,115  % | 12,957  % |
| 16 | 7,270  % | 8,030  % | 1,468  % | 4,318  % | 10,116  % | 12,817  % |
| 17 | 7,231  % | 7,934  % | 1,528  % | 4,335  % | 10,089  % | 12,661  % |
| 18 | 7,190  % | 7,837  % | 1,587  % | 4,348  % | 10,042  % | 12,493  % |
| 19 | 7,148  % | 7,741  % | 1,645  % | 4,357  % | 9,978  % | 12,317  % |
| 20 | 7,106  % | 7,646  % | 1,701  % | 4,361  % | 9,902  % | 12,137  % |
| 21 | 7,065  % | 7,553  % | 1,754  % | 4,360  % | 9,817  % | 11,954  % |
| 22 | 7,024  % | 7,462  % | 1,806  % | 4,355  % | 9,726  % | 11,771  % |
| 23 | 6,983  % | 7,374  % | 1,856  % | 4,347  % | 9,630  % | 11,589  % |
| 24 | 6,944  % | 7,289  % | 1,903  % | 4,336  % | 9,533  % | 11,410  % |
| 25 | 6,905  % | 7,206  % | 1,949  % | 4,324  % | 9,434  % | 11,234  % |
| 26 | 6,868  % | 7,127  % | 1,993  % | 4,310  % | 9,335  % | 11,062  % |
| 27 | 6,832  % | 7,050  % | 2,034  % | 4,296  % | 9,237  % | 10,896  % |
| 28 | 6,797  % | 6,977  % | 2,074  % | 4,280  % | 9,141  % | 10,734  % |
| 29 | 6,763  % | 6,906  % | 2,112  % | 4,264  % | 9,046  % | 10,578  % |
| 30 | 6,730  % | 6,838  % | 2,149  % | 4,248  % | 8,954  % | 10,428  % |
| 31 | 6,699  % | 6,773  % | 2,184  % | 4,232  % | 8,865  % | 10,283  % |
| 32 | 6,668  % | 6,711  % | 2,217  % | 4,216  % | 8,778  % | 10,144  % |
| 33 | 6,639  % | 6,651  % | 2,249  % | 4,200  % | 8,694  % | 10,010  % |
| 34 | 6,611  % | 6,594  % | 2,280  % | 4,184  % | 8,613  % | 9,882  % |
| 35 | 6,584  % | 6,539  % | 2,309  % | 4,168  % | 8,534  % | 9,759  % |
| 36 | 6,558  % | 6,487  % | 2,337  % | 4,153  % | 8,459  % | 9,642  % |
| 37 | 6,533  % | 6,436  % | 2,364  % | 4,138  % | 8,386  % | 9,529  % |
| 38 | 6,509  % | 6,388  % | 2,389  % | 4,124  % | 8,317  % | 9,421  % |
| 39 | 6,486  % | 6,342  % | 2,414  % | 4,109  % | 8,250  % | 9,318  % |
| 40 | 6,463  % | 6,297  % | 2,438  % | 4,096  % | 8,185  % | 9,218  % |
| 41 | 6,442  % | 6,255  % | 2,461  % | 4,082  % | 8,123  % | 9,124  % |
| 42 | 6,421  % | 6,214  % | 2,482  % | 4,069  % | 8,064  % | 9,033  % |
| 43 | 6,401  % | 6,175  % | 2,503  % | 4,056  % | 8,006  % | 8,945  % |
| 44 | 6,382  % | 6,137  % | 2,523  % | 4,044  % | 7,951  % | 8,862  % |
| 45 | 6,364  % | 6,101  % | 2,543  % | 4,032  % | 7,899  % | 8,781  % |
| 46 | 6,346  % | 6,066  % | 2,562  % | 4,021  % | 7,848  % | 8,704  % |
| 47 | 6,329  % | 6,033  % | 2,579  % | 4,010  % | 7,799  % | 8,630  % |
| 48 | 6,313  % | 6,000  % | 2,597  % | 3,999  % | 7,752  % | 8,559  % |
| 49 | 6,297  % | 5,969  % | 2,613  % | 3,988  % | 7,706  % | 8,491  % |
| 50 | 6,281  % | 5,940  % | 2,629  % | 3,978  % | 7,663  % | 8,425  % |
| 51 | 6,267  % | 5,911  % | 2,645  % | 3,969  % | 7,621  % | 8,362  % |
| 52 | 6,252  % | 5,883  % | 2,660  % | 3,959  % | 7,580  % | 8,301  % |
| 53 | 6,238  % | 5,856  % | 2,674  % | 3,950  % | 7,541  % | 8,242  % |
| 54 | 6,225  % | 5,831  % | 2,688  % | 3,941  % | 7,504  % | 8,185  % |
| 55 | 6,212  % | 5,806  % | 2,702  % | 3,932  % | 7,467  % | 8,131  % |
| 56 | 6,200  % | 5,782  % | 2,715  % | 3,924  % | 7,432  % | 8,078  % |
| 57 | 6,188  % | 5,759  % | 2,727  % | 3,916  % | 7,398  % | 8,027  % |
| 58 | 6,176  % | 5,736  % | 2,740  % | 3,908  % | 7,366  % | 7,978  % |
| 59 | 6,165  % | 5,714  % | 2,751  % | 3,901  % | 7,334  % | 7,931  % |
| 60 | 6,154  % | 5,693  % | 2,763  % | 3,893  % | 7,303  % | 7,885  % |
| 61 | 6,143  % | 5,673  % | 2,774  % | 3,886  % | 7,274  % | 7,840  % |
| 62 | 6,133  % | 5,653  % | 2,785  % | 3,879  % | 7,245  % | 7,797  % |
| 63 | 6,123  % | 5,634  % | 2,795  % | 3,873  % | 7,217  % | 7,756  % |
| 64 | 6,113  % | 5,616  % | 2,805  % | 3,866  % | 7,190  % | 7,716  % |
| 65 | 6,104  % | 5,598  % | 2,815  % | 3,860  % | 7,164  % | 7,676  % |
| 66 | 6,095  % | 5,580  % | 2,824  % | 3,854  % | 7,139  % | 7,639  % |
| 67 | 6,086  % | 5,564  % | 2,834  % | 3,848  % | 7,114  % | 7,602  % |
| 68 | 6,078  % | 5,547  % | 2,843  % | 3,842  % | 7,090  % | 7,566  % |
| 69 | 6,069  % | 5,531  % | 2,851  % | 3,836  % | 7,067  % | 7,532  % |
| 70 | 6,061  % | 5,516  % | 2,860  % | 3,831  % | 7,045  % | 7,498  % |
| 71 | 6,053  % | 5,501  % | 2,868  % | 3,825  % | 7,023  % | 7,465  % |
| 72 | 6,046  % | 5,486  % | 2,876  % | 3,820  % | 7,002  % | 7,433  % |
| 73 | 6,038  % | 5,472  % | 2,884  % | 3,815  % | 6,981  % | 7,403  % |
| 74 | 6,031  % | 5,458  % | 2,891  % | 3,810  % | 6,961  % | 7,373  % |
| 75 | 6,024  % | 5,444  % | 2,899  % | 3,805  % | 6,941  % | 7,343  % |
| 76 | 6,017  % | 5,431  % | 2,906  % | 3,801  % | 6,922  % | 7,315  % |
| 77 | 6,010  % | 5,419  % | 2,913  % | 3,796  % | 6,903  % | 7,287  % |
| 78 | 6,004  % | 5,406  % | 2,920  % | 3,792  % | 6,885  % | 7,260  % |
| 79 | 5,997  % | 5,394  % | 2,927  % | 3,788  % | 6,868  % | 7,234  % |
| 80 | 5,991  % | 5,382  % | 2,933  % | 3,783  % | 6,851  % | 7,208  % |
| 81 | 5,985  % | 5,371  % | 2,939  % | 3,779  % | 6,834  % | 7,183  % |
| 82 | 5,979  % | 5,359  % | 2,946  % | 3,775  % | 6,817  % | 7,159  % |
| 83 | 5,973  % | 5,348  % | 2,952  % | 3,771  % | 6,801  % | 7,135  % |
| 84 | 5,968  % | 5,338  % | 2,958  % | 3,767  % | 6,786  % | 7,112  % |
| 85 | 5,962  % | 5,327  % | 2,963  % | 3,764  % | 6,771  % | 7,089  % |
| 86 | 5,957  % | 5,317  % | 2,969  % | 3,760  % | 6,756  % | 7,067  % |
| 87 | 5,952  % | 5,307  % | 2,975  % | 3,757  % | 6,741  % | 7,045  % |
| 88 | 5,946  % | 5,297  % | 2,980  % | 3,753  % | 6,727  % | 7,024  % |
| 89 | 5,941  % | 5,288  % | 2,985  % | 3,750  % | 6,713  % | 7,003  % |
| 90 | 5,937  % | 5,278  % | 2,990  % | 3,746  % | 6,700  % | 6,983  % |
| 91 | 5,932  % | 5,269  % | 2,995  % | 3,743  % | 6,686  % | 6,963  % |
| 92 | 5,927  % | 5,260  % | 3,000  % | 3,740  % | 6,673  % | 6,944  % |
| 93 | 5,922  % | 5,251  % | 3,005  % | 3,737  % | 6,661  % | 6,925  % |
| 94 | 5,918  % | 5,243  % | 3,010  % | 3,734  % | 6,648  % | 6,907  % |
| 95 | 5,914  % | 5,234  % | 3,014  % | 3,731  % | 6,636  % | 6,889  % |
| 96 | 5,909  % | 5,226  % | 3,019  % | 3,728  % | 6,624  % | 6,871  % |
| 97 | 5,905  % | 5,218  % | 3,023  % | 3,725  % | 6,613  % | 6,853  % |
| 98 | 5,901  % | 5,210  % | 3,028  % | 3,722  % | 6,601  % | 6,836  % |
| 99 | 5,897  % | 5,203  % | 3,032  % | 3,719  % | 6,590  % | 6,820  % |
| 100 | 5,893  % | 5,195  % | 3,036  % | 3,717  % | 6,579  % | 6,803  % |
| 101 | 5,889  % | 5,188  % | 3,040  % | 3,714  % | 6,568  % | 6,787  % |
| 102 | 5,885  % | 5,180  % | 3,044  % | 3,711  % | 6,558  % | 6,772  % |
| 103 | 5,881  % | 5,173  % | 3,048  % | 3,709  % | 6,547  % | 6,756  % |
| 104 | 5,878  % | 5,166  % | 3,052  % | 3,706  % | 6,537  % | 6,741  % |
| 105 | 5,874  % | 5,160  % | 3,056  % | 3,704  % | 6,527  % | 6,727  % |
| 106 | 5,871  % | 5,153  % | 3,060  % | 3,702  % | 6,518  % | 6,712  % |
| 107 | 5,867  % | 5,146  % | 3,063  % | 3,699  % | 6,508  % | 6,698  % |
| 108 | 5,864  % | 5,140  % | 3,067  % | 3,697  % | 6,499  % | 6,684  % |
| 109 | 5,860  % | 5,133  % | 3,070  % | 3,695  % | 6,490  % | 6,670  % |
| 110 | 5,857  % | 5,127  % | 3,074  % | 3,692  % | 6,481  % | 6,657  % |
| 111 | 5,854  % | 5,121  % | 3,077  % | 3,690  % | 6,472  % | 6,643  % |
| 112 | 5,851  % | 5,115  % | 3,080  % | 3,688  % | 6,463  % | 6,631  % |
| 113 | 5,848  % | 5,109  % | 3,084  % | 3,686  % | 6,454  % | 6,618  % |
| 114 | 5,845  % | 5,103  % | 3,087  % | 3,684  % | 6,446  % | 6,605  % |
| 115 | 5,842  % | 5,098  % | 3,090  % | 3,682  % | 6,438  % | 6,593  % |
| 116 | 5,839  % | 5,092  % | 3,093  % | 3,680  % | 6,430  % | 6,581  % |
| 117 | 5,836  % | 5,087  % | 3,096  % | 3,678  % | 6,422  % | 6,569  % |
| 118 | 5,833  % | 5,081  % | 3,099  % | 3,676  % | 6,414  % | 6,557  % |
| 119 | 5,830  % | 5,076  % | 3,102  % | 3,674  % | 6,406  % | 6,546  % |
| 120 | 5,827  % | 5,071  % | 3,105  % | 3,672  % | 6,398  % | 6,535  % |
| 121 | 5,825  % | 5,065  % | 3,108  % | 3,670  % | 6,391  % | 6,523  % |
| 122 | 5,822  % | 5,060  % | 3,111  % | 3,669  % | 6,384  % | 6,513  % |
| 123 | 5,819  % | 5,055  % | 3,113  % | 3,667  % | 6,376  % | 6,502  % |
| 124 | 5,817  % | 5,050  % | 3,116  % | 3,665  % | 6,369  % | 6,491  % |
| 125 | 5,814  % | 5,046  % | 3,119  % | 3,663  % | 6,362  % | 6,481  % |
| 126 | 5,812  % | 5,041  % | 3,121  % | 3,662  % | 6,356  % | 6,471  % |
| 127 | 5,809  % | 5,036  % | 3,124  % | 3,660  % | 6,349  % | 6,461  % |
| 128 | 5,807  % | 5,032  % | 3,127  % | 3,658  % | 6,342  % | 6,451  % |
| 129 | 5,804  % | 5,027  % | 3,129  % | 3,657  % | 6,336  % | 6,441  % |
| 130 | 5,802  % | 5,023  % | 3,131  % | 3,655  % | 6,329  % | 6,431  % |
| 131 | 5,800  % | 5,018  % | 3,134  % | 3,654  % | 6,323  % | 6,422  % |
| 132 | 5,797  % | 5,014  % | 3,136  % | 3,652  % | 6,316  % | 6,413  % |
| 133 | 5,795  % | 5,010  % | 3,139  % | 3,650  % | 6,310  % | 6,403  % |
| 134 | 5,793  % | 5,006  % | 3,141  % | 3,649  % | 6,304  % | 6,394  % |
| 135 | 5,791  % | 5,001  % | 3,143  % | 3,647  % | 6,298  % | 6,385  % |
| 136 | 5,789  % | 4,997  % | 3,146  % | 3,646  % | 6,292  % | 6,377  % |
| 137 | 5,787  % | 4,993  % | 3,148  % | 3,645  % | 6,287  % | 6,368  % |
| 138 | 5,785  % | 4,989  % | 3,150  % | 3,643  % | 6,281  % | 6,360  % |
| 139 | 5,782  % | 4,986  % | 3,152  % | 3,642  % | 6,275  % | 6,351  % |
| 140 | 5,780  % | 4,982  % | 3,154  % | 3,640  % | 6,270  % | 6,343  % |
| 141 | 5,778  % | 4,978  % | 3,156  % | 3,639  % | 6,264  % | 6,335  % |
| 142 | 5,776  % | 4,974  % | 3,158  % | 3,638  % | 6,259  % | 6,327  % |
| 143 | 5,775  % | 4,970  % | 3,160  % | 3,636  % | 6,253  % | 6,319  % |
| 144 | 5,773  % | 4,967  % | 3,162  % | 3,635  % | 6,248  % | 6,311  % |
| 145 | 5,771  % | 4,963  % | 3,164  % | 3,634  % | 6,243  % | 6,303  % |
| 146 | 5,769  % | 4,960  % | 3,166  % | 3,633  % | 6,238  % | 6,296  % |
| 147 | 5,767  % | 4,956  % | 3,168  % | 3,631  % | 6,233  % | 6,288  % |
| 148 | 5,765  % | 4,953  % | 3,170  % | 3,630  % | 6,228  % | 6,281  % |
| 149 | 5,763  % | 4,949  % | 3,172  % | 3,629  % | 6,223  % | 6,273  % |
| 150 | 5,762  % | 4,946  % | 3,174  % | 3,628  % | 6,218  % | 6,266  % |

Term to maturity (in years)

Indian rupee

Mexican peso

New Taiwan dollar

New Zealand dollar

Rand

Real

1

7,130  %

11,813  %

0,979  %

5,316  %

8,251  %

12,504  %

2

7,142  %

10,294  %

0,985  %

4,970  %

7,998  %

11,739  %

3

7,177  %

9,338  %

0,997  %

4,649  %

7,969  %

11,763  %

4

7,199  %

8,848  %

1,013  %

4,448  %

8,091  %

11,999  %

5

7,230  %

8,623  %

1,031  %

4,327  %

8,304  %

12,269  %

6

7,267  %

8,536  %

1,052  %

4,270  %

8,603  %

12,506  %

7

7,303  %

8,512  %

1,075  %

4,240  %

8,899  %

12,723  %

8

7,336  %

8,510  %

1,097  %

4,219  %

9,168  %

12,912  %

9

7,369  %

8,506  %

1,121  %

4,207  %

9,406  %

13,056  %

10

7,393  %

8,486  %

1,145  %

4,206  %

9,610  %

13,175  %

11

7,399  %

8,441  %

1,182  %

4,216  %

9,778  %

13,229  %

12

7,389  %

8,378  %

1,231  %

4,234  %

9,912  %

13,222  %

13

7,369  %

8,301  %

1,287  %

4,255  %

10,013  %

13,168  %

14

7,341  %

8,216  %

1,346  %

4,277  %

10,081  %

13,077  %

15

7,307  %

8,125  %

1,407  %

4,299  %

10,115  %

12,957  %

16

7,270  %

8,030  %

1,468  %

4,318  %

10,116  %

12,817  %

17

7,231  %

7,934  %

1,528  %

4,335  %

10,089  %

12,661  %

18

7,190  %

7,837  %

1,587  %

4,348  %

10,042  %

12,493  %

19

7,148  %

7,741  %

1,645  %

4,357  %

9,978  %

12,317  %

20

7,106  %

7,646  %

1,701  %

4,361  %

9,902  %

12,137  %

21

7,065  %

7,553  %

1,754  %

4,360  %

9,817  %

11,954  %

22

7,024  %

7,462  %

1,806  %

4,355  %

9,726  %

11,771  %

23

6,983  %

7,374  %

1,856  %

4,347  %

9,630  %

11,589  %

24

6,944  %

7,289  %

1,903  %

4,336  %

9,533  %

11,410  %

25

6,905  %

7,206  %

1,949  %

4,324  %

9,434  %

11,234  %

26

6,868  %

7,127  %

1,993  %

4,310  %

9,335  %

11,062  %

27

6,832  %

7,050  %

2,034  %

4,296  %

9,237  %

10,896  %

28

6,797  %

6,977  %

2,074  %

4,280  %

9,141  %

10,734  %

29

6,763  %

6,906  %

2,112  %

4,264  %

9,046  %

10,578  %

30

6,730  %

6,838  %

2,149  %

4,248  %

8,954  %

10,428  %

31

6,699  %

6,773  %

2,184  %

4,232  %

8,865  %

10,283  %

32

6,668  %

6,711  %

2,217  %

4,216  %

8,778  %

10,144  %

33

6,639  %

6,651  %

2,249  %

4,200  %

8,694  %

10,010  %

34

6,611  %

6,594  %

2,280  %

4,184  %

8,613  %

9,882  %

35

6,584  %

6,539  %

2,309  %

4,168  %

8,534  %

9,759  %

36

6,558  %

6,487  %

2,337  %

4,153  %

8,459  %

9,642  %

37

6,533  %

6,436  %

2,364  %

4,138  %

8,386  %

9,529  %

38

6,509  %

6,388  %

2,389  %

4,124  %

8,317  %

9,421  %

39

6,486  %

6,342  %

2,414  %

4,109  %

8,250  %

9,318  %

40

6,463  %

6,297  %

2,438  %

4,096  %

8,185  %

9,218  %

41

6,442  %

6,255  %

2,461  %

4,082  %

8,123  %

9,124  %

42

6,421  %

6,214  %

2,482  %

4,069  %

8,064  %

9,033  %

43

6,401  %

6,175  %

2,503  %

4,056  %

8,006  %

8,945  %

44

6,382  %

6,137  %

2,523  %

4,044  %

7,951  %

8,862  %

45

6,364  %

6,101  %

2,543  %

4,032  %

7,899  %

8,781  %

46

6,346  %

6,066  %

2,562  %

4,021  %

7,848  %

8,704  %

47

6,329  %

6,033  %

2,579  %

4,010  %

7,799  %

8,630  %

48

6,313  %

6,000  %

2,597  %

3,999  %

7,752  %

8,559  %

49

6,297  %

5,969  %

2,613  %

3,988  %

7,706  %

8,491  %

50

6,281  %

5,940  %

2,629  %

3,978  %

7,663  %

8,425  %

51

6,267  %

5,911  %

2,645  %

3,969  %

7,621  %

8,362  %

52

6,252  %

5,883  %

2,660  %

3,959  %

7,580  %

8,301  %

53

6,238  %

5,856  %

2,674  %

3,950  %

7,541  %

8,242  %

54

6,225  %

5,831  %

2,688  %

3,941  %

7,504  %

8,185  %

55

6,212  %

5,806  %

2,702  %

3,932  %

7,467  %

8,131  %

56

6,200  %

5,782  %

2,715  %

3,924  %

7,432  %

8,078  %

57

6,188  %

5,759  %

2,727  %

3,916  %

7,398  %

8,027  %

58

6,176  %

5,736  %

2,740  %

3,908  %

7,366  %

7,978  %

59

6,165  %

5,714  %

2,751  %

3,901  %

7,334  %

7,931  %

60

6,154  %

5,693  %

2,763  %

3,893  %

7,303  %

7,885  %

61

6,143  %

5,673  %

2,774  %

3,886  %

7,274  %

7,840  %

62

6,133  %

5,653  %

2,785  %

3,879  %

7,245  %

7,797  %

63

6,123  %

5,634  %

2,795  %

3,873  %

7,217  %

7,756  %

64

6,113  %

5,616  %

2,805  %

3,866  %

7,190  %

7,716  %

65

6,104  %

5,598  %

2,815  %

3,860  %

7,164  %

7,676  %

66

6,095  %

5,580  %

2,824  %

3,854  %

7,139  %

7,639  %

67

6,086  %

5,564  %

2,834  %

3,848  %

7,114  %

7,602  %

68

6,078  %

5,547  %

2,843  %

3,842  %

7,090  %

7,566  %

69

6,069  %

5,531  %

2,851  %

3,836  %

7,067  %

7,532  %

70

6,061  %

5,516  %

2,860  %

3,831  %

7,045  %

7,498  %

71

6,053  %

5,501  %

2,868  %

3,825  %

7,023  %

7,465  %

72

6,046  %

5,486  %

2,876  %

3,820  %

7,002  %

7,433  %

73

6,038  %

5,472  %

2,884  %

3,815  %

6,981  %

7,403  %

74

6,031  %

5,458  %

2,891  %

3,810  %

6,961  %

7,373  %

75

6,024  %

5,444  %

2,899  %

3,805  %

6,941  %

7,343  %

76

6,017  %

5,431  %

2,906  %

3,801  %

6,922  %

7,315  %

77

6,010  %

5,419  %

2,913  %

3,796  %

6,903  %

7,287  %

78

6,004  %

5,406  %

2,920  %

3,792  %

6,885  %

7,260  %

79

5,997  %

5,394  %

2,927  %

3,788  %

6,868  %

7,234  %

80

5,991  %

5,382  %

2,933  %

3,783  %

6,851  %

7,208  %

81

5,985  %

5,371  %

2,939  %

3,779  %

6,834  %

7,183  %

82

5,979  %

5,359  %

2,946  %

3,775  %

6,817  %

7,159  %

83

5,973  %

5,348  %

2,952  %

3,771  %

6,801  %

7,135  %

84

5,968  %

5,338  %

2,958  %

3,767  %

6,786  %

7,112  %

85

5,962  %

5,327  %

2,963  %

3,764  %

6,771  %

7,089  %

86

5,957  %

5,317  %

2,969  %

3,760  %

6,756  %

7,067  %

87

5,952  %

5,307  %

2,975  %

3,757  %

6,741  %

7,045  %

88

5,946  %

5,297  %

2,980  %

3,753  %

6,727  %

7,024  %

89

5,941  %

5,288  %

2,985  %

3,750  %

6,713  %

7,003  %

90

5,937  %

5,278  %

2,990  %

3,746  %

6,700  %

6,983  %

91

5,932  %

5,269  %

2,995  %

3,743  %

6,686  %

6,963  %

92

5,927  %

5,260  %

3,000  %

3,740  %

6,673  %

6,944  %

93

5,922  %

5,251  %

3,005  %

3,737  %

6,661  %

6,925  %

94

5,918  %

5,243  %

3,010  %

3,734  %

6,648  %

6,907  %

95

5,914  %

5,234  %

3,014  %

3,731  %

6,636  %

6,889  %

96

5,909  %

5,226  %

3,019  %

3,728  %

6,624  %

6,871  %

97

5,905  %

5,218  %

3,023  %

3,725  %

6,613  %

6,853  %

98

5,901  %

5,210  %

3,028  %

3,722  %

6,601  %

6,836  %

99

5,897  %

5,203  %

3,032  %

3,719  %

6,590  %

6,820  %

100

5,893  %

5,195  %

3,036  %

3,717  %

6,579  %

6,803  %

101

5,889  %

5,188  %

3,040  %

3,714  %

6,568  %

6,787  %

102

5,885  %

5,180  %

3,044  %

3,711  %

6,558  %

6,772  %

103

5,881  %

5,173  %

3,048  %

3,709  %

6,547  %

6,756  %

104

5,878  %

5,166  %

3,052  %

3,706  %

6,537  %

6,741  %

105

5,874  %

5,160  %

3,056  %

3,704  %

6,527  %

6,727  %

106

5,871  %

5,153  %

3,060  %

3,702  %

6,518  %

6,712  %

107

5,867  %

5,146  %

3,063  %

3,699  %

6,508  %

6,698  %

108

5,864  %

5,140  %

3,067  %

3,697  %

6,499  %

6,684  %

109

5,860  %

5,133  %

3,070  %

3,695  %

6,490  %

6,670  %

110

5,857  %

5,127  %

3,074  %

3,692  %

6,481  %

6,657  %

111

5,854  %

5,121  %

3,077  %

3,690  %

6,472  %

6,643  %

112

5,851  %

5,115  %

3,080  %

3,688  %

6,463  %

6,631  %

113

5,848  %

5,109  %

3,084  %

3,686  %

6,454  %

6,618  %

114

5,845  %

5,103  %

3,087  %

3,684  %

6,446  %

6,605  %

115

5,842  %

5,098  %

3,090  %

3,682  %

6,438  %

6,593  %

116

5,839  %

5,092  %

3,093  %

3,680  %

6,430  %

6,581  %

117

5,836  %

5,087  %

3,096  %

3,678  %

6,422  %

6,569  %

118

5,833  %

5,081  %

3,099  %

3,676  %

6,414  %

6,557  %

119

5,830  %

5,076  %

3,102  %

3,674  %

6,406  %

6,546  %

120

5,827  %

5,071  %

3,105  %

3,672  %

6,398  %

6,535  %

121

5,825  %

5,065  %

3,108  %

3,670  %

6,391  %

6,523  %

122

5,822  %

5,060  %

3,111  %

3,669  %

6,384  %

6,513  %

123

5,819  %

5,055  %

3,113  %

3,667  %

6,376  %

6,502  %

124

5,817  %

5,050  %

3,116  %

3,665  %

6,369  %

6,491  %

125

5,814  %

5,046  %

3,119  %

3,663  %

6,362  %

6,481  %

126

5,812  %

5,041  %

3,121  %

3,662  %

6,356  %

6,471  %

127

5,809  %

5,036  %

3,124  %

3,660  %

6,349  %

6,461  %

128

5,807  %

5,032  %

3,127  %

3,658  %

6,342  %

6,451  %

129

5,804  %

5,027  %

3,129  %

3,657  %

6,336  %

6,441  %

130

5,802  %

5,023  %

3,131  %

3,655  %

6,329  %

6,431  %

131

5,800  %

5,018  %

3,134  %

3,654  %

6,323  %

6,422  %

132

5,797  %

5,014  %

3,136  %

3,652  %

6,316  %

6,413  %

133

5,795  %

5,010  %

3,139  %

3,650  %

6,310  %

6,403  %

134

5,793  %

5,006  %

3,141  %

3,649  %

6,304  %

6,394  %

135

5,791  %

5,001  %

3,143  %

3,647  %

6,298  %

6,385  %

136

5,789  %

4,997  %

3,146  %

3,646  %

6,292  %

6,377  %

137

5,787  %

4,993  %

3,148  %

3,645  %

6,287  %

6,368  %

138

5,785  %

4,989  %

3,150  %

3,643  %

6,281  %

6,360  %

139

5,782  %

4,986  %

3,152  %

3,642  %

6,275  %

6,351  %

140

5,780  %

4,982  %

3,154  %

3,640  %

6,270  %

6,343  %

141

5,778  %

4,978  %

3,156  %

3,639  %

6,264  %

6,335  %

142

5,776  %

4,974  %

3,158  %

3,638  %

6,259  %

6,327  %

143

5,775  %

4,970  %

3,160  %

3,636  %

6,253  %

6,319  %

144

5,773  %

4,967  %

3,162  %

3,635  %

6,248  %

6,311  %

145

5,771  %

4,963  %

3,164  %

3,634  %

6,243  %

6,303  %

146

5,769  %

4,960  %

3,166  %

3,633  %

6,238  %

6,296  %

147

5,767  %

4,956  %

3,168  %

3,631  %

6,233  %

6,288  %

148

5,765  %

4,953  %

3,170  %

3,630  %

6,228  %

6,281  %

149

5,763  %

4,949  %

3,172  %

3,629  %

6,223  %

6,273  %

150

5,762  %

4,946  %

3,174  %

3,628  %

6,218  %

6,266  %

| Term to maturity (in years) | Renminbi-yuan | Ringgit | Russian rouble | Singapore dollar | South Korean won | Turkish lira |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 2,249  % | 2,767  % | 9,937  % | 3,388  % | 3,520  % | 12,900  % |
| 2 | 2,393  % | 3,123  % | 9,849  % | 3,181  % | 3,298  % | 11,911  % |
| 3 | 2,539  % | 3,306  % | 9,888  % | 3,083  % | 3,181  % | 11,448  % |
| 4 | 2,655  % | 3,448  % | 9,987  % | 3,011  % | 3,126  % | 11,140  % |
| 5 | 2,750  % | 3,578  % | 10,104  % | 2,958  % | 3,079  % | 10,916  % |
| 6 | 2,832  % | 3,692  % | 10,221  % | 2,928  % | 3,058  % | 10,730  % |
| 7 | 2,905  % | 3,787  % | 10,339  % | 2,912  % | 3,054  % | 10,575  % |
| 8 | 2,971  % | 3,866  % | 10,467  % | 2,906  % | 3,054  % | 10,438  % |
| 9 | 3,033  % | 3,934  % | 10,582  % | 2,905  % | 3,049  % | 10,307  % |
| 10 | 3,090  % | 3,993  % | 10,687  % | 2,909  % | 3,036  % | 10,173  % |
| 11 | 3,145  % | 4,047  % | 10,791  % | 2,915  % | 3,013  % | 10,035  % |
| 12 | 3,196  % | 4,097  % | 10,898  % | 2,924  % | 2,983  % | 9,897  % |
| 13 | 3,244  % | 4,141  % | 11,007  % | 2,934  % | 2,951  % | 9,759  % |
| 14 | 3,290  % | 4,181  % | 11,093  % | 2,944  % | 2,920  % | 9,623  % |
| 15 | 3,333  % | 4,220  % | 11,133  % | 2,955  % | 2,891  % | 9,490  % |
| 16 | 3,374  % | 4,258  % | 11,130  % | 2,966  % | 2,864  % | 9,361  % |
| 17 | 3,412  % | 4,294  % | 11,093  % | 2,978  % | 2,842  % | 9,236  % |
| 18 | 3,449  % | 4,326  % | 11,030  % | 2,989  % | 2,824  % | 9,114  % |
| 19 | 3,484  % | 4,352  % | 10,946  % | 3,000  % | 2,810  % | 8,997  % |
| 20 | 3,517  % | 4,372  % | 10,846  % | 3,011  % | 2,802  % | 8,884  % |
| 21 | 3,548  % | 4,383  % | 10,734  % | 3,022  % | 2,798  % | 8,776  % |
| 22 | 3,577  % | 4,388  % | 10,615  % | 3,032  % | 2,798  % | 8,672  % |
| 23 | 3,606  % | 4,388  % | 10,490  % | 3,042  % | 2,801  % | 8,573  % |
| 24 | 3,632  % | 4,384  % | 10,361  % | 3,052  % | 2,806  % | 8,478  % |
| 25 | 3,658  % | 4,376  % | 10,231  % | 3,062  % | 2,813  % | 8,387  % |
| 26 | 3,682  % | 4,366  % | 10,101  % | 3,071  % | 2,822  % | 8,300  % |
| 27 | 3,705  % | 4,353  % | 9,971  % | 3,080  % | 2,831  % | 8,216  % |
| 28 | 3,727  % | 4,340  % | 9,844  % | 3,089  % | 2,841  % | 8,137  % |
| 29 | 3,748  % | 4,325  % | 9,719  % | 3,098  % | 2,852  % | 8,061  % |
| 30 | 3,768  % | 4,310  % | 9,597  % | 3,106  % | 2,863  % | 7,988  % |
| 31 | 3,788  % | 4,294  % | 9,479  % | 3,114  % | 2,874  % | 7,919  % |
| 32 | 3,806  % | 4,278  % | 9,364  % | 3,121  % | 2,885  % | 7,853  % |
| 33 | 3,824  % | 4,261  % | 9,253  % | 3,129  % | 2,896  % | 7,790  % |
| 34 | 3,840  % | 4,245  % | 9,146  % | 3,136  % | 2,907  % | 7,729  % |
| 35 | 3,856  % | 4,229  % | 9,043  % | 3,143  % | 2,918  % | 7,671  % |
| 36 | 3,872  % | 4,213  % | 8,944  % | 3,150  % | 2,929  % | 7,616  % |
| 37 | 3,887  % | 4,197  % | 8,849  % | 3,156  % | 2,940  % | 7,563  % |
| 38 | 3,901  % | 4,181  % | 8,757  % | 3,162  % | 2,950  % | 7,513  % |
| 39 | 3,914  % | 4,166  % | 8,669  % | 3,168  % | 2,960  % | 7,464  % |
| 40 | 3,927  % | 4,151  % | 8,584  % | 3,174  % | 2,970  % | 7,418  % |
| 41 | 3,940  % | 4,137  % | 8,503  % | 3,180  % | 2,980  % | 7,373  % |
| 42 | 3,952  % | 4,123  % | 8,425  % | 3,185  % | 2,989  % | 7,331  % |
| 43 | 3,964  % | 4,109  % | 8,350  % | 3,190  % | 2,999  % | 7,290  % |
| 44 | 3,975  % | 4,096  % | 8,278  % | 3,195  % | 3,007  % | 7,251  % |
| 45 | 3,986  % | 4,083  % | 8,209  % | 3,200  % | 3,016  % | 7,213  % |
| 46 | 3,996  % | 4,070  % | 8,142  % | 3,205  % | 3,024  % | 7,177  % |
| 47 | 4,006  % | 4,058  % | 8,079  % | 3,210  % | 3,033  % | 7,142  % |
| 48 | 4,016  % | 4,047  % | 8,017  % | 3,214  % | 3,040  % | 7,109  % |
| 49 | 4,025  % | 4,035  % | 7,958  % | 3,218  % | 3,048  % | 7,076  % |
| 50 | 4,034  % | 4,024  % | 7,901  % | 3,223  % | 3,055  % | 7,045  % |
| 51 | 4,043  % | 4,014  % | 7,846  % | 3,227  % | 3,063  % | 7,015  % |
| 52 | 4,051  % | 4,003  % | 7,794  % | 3,230  % | 3,070  % | 6,987  % |
| 53 | 4,059  % | 3,993  % | 7,743  % | 3,234  % | 3,076  % | 6,959  % |
| 54 | 4,067  % | 3,984  % | 7,694  % | 3,238  % | 3,083  % | 6,932  % |
| 55 | 4,074  % | 3,974  % | 7,647  % | 3,242  % | 3,089  % | 6,906  % |
| 56 | 4,082  % | 3,965  % | 7,601  % | 3,245  % | 3,095  % | 6,881  % |
| 57 | 4,089  % | 3,956  % | 7,557  % | 3,248  % | 3,101  % | 6,857  % |
| 58 | 4,096  % | 3,948  % | 7,514  % | 3,252  % | 3,107  % | 6,834  % |
| 59 | 4,102  % | 3,940  % | 7,473  % | 3,255  % | 3,113  % | 6,811  % |
| 60 | 4,109  % | 3,932  % | 7,433  % | 3,258  % | 3,118  % | 6,790  % |
| 61 | 4,115  % | 3,924  % | 7,395  % | 3,261  % | 3,123  % | 6,769  % |
| 62 | 4,121  % | 3,916  % | 7,358  % | 3,264  % | 3,128  % | 6,748  % |
| 63 | 4,127  % | 3,909  % | 7,322  % | 3,267  % | 3,133  % | 6,728  % |
| 64 | 4,133  % | 3,902  % | 7,287  % | 3,269  % | 3,138  % | 6,709  % |
| 65 | 4,138  % | 3,895  % | 7,253  % | 3,272  % | 3,143  % | 6,691  % |
| 66 | 4,143  % | 3,888  % | 7,220  % | 3,275  % | 3,147  % | 6,672  % |
| 67 | 4,149  % | 3,882  % | 7,188  % | 3,277  % | 3,152  % | 6,655  % |
| 68 | 4,154  % | 3,876  % | 7,157  % | 3,280  % | 3,156  % | 6,638  % |
| 69 | 4,159  % | 3,870  % | 7,127  % | 3,282  % | 3,160  % | 6,621  % |
| 70 | 4,163  % | 3,864  % | 7,098  % | 3,284  % | 3,164  % | 6,605  % |
| 71 | 4,168  % | 3,858  % | 7,069  % | 3,287  % | 3,168  % | 6,590  % |
| 72 | 4,173  % | 3,852  % | 7,042  % | 3,289  % | 3,172  % | 6,575  % |
| 73 | 4,177  % | 3,847  % | 7,015  % | 3,291  % | 3,176  % | 6,560  % |
| 74 | 4,181  % | 3,841  % | 6,989  % | 3,293  % | 3,180  % | 6,545  % |
| 75 | 4,186  % | 3,836  % | 6,963  % | 3,295  % | 3,183  % | 6,531  % |
| 76 | 4,190  % | 3,831  % | 6,939  % | 3,297  % | 3,187  % | 6,518  % |
| 77 | 4,194  % | 3,826  % | 6,915  % | 3,299  % | 3,190  % | 6,505  % |
| 78 | 4,198  % | 3,821  % | 6,891  % | 3,301  % | 3,193  % | 6,492  % |
| 79 | 4,201  % | 3,817  % | 6,868  % | 3,303  % | 3,197  % | 6,479  % |
| 80 | 4,205  % | 3,812  % | 6,846  % | 3,305  % | 3,200  % | 6,467  % |
| 81 | 4,209  % | 3,808  % | 6,824  % | 3,306  % | 3,203  % | 6,455  % |
| 82 | 4,212  % | 3,803  % | 6,803  % | 3,308  % | 3,206  % | 6,443  % |
| 83 | 4,216  % | 3,799  % | 6,782  % | 3,310  % | 3,209  % | 6,432  % |
| 84 | 4,219  % | 3,795  % | 6,762  % | 3,311  % | 3,212  % | 6,421  % |
| 85 | 4,222  % | 3,791  % | 6,743  % | 3,313  % | 3,214  % | 6,410  % |
| 86 | 4,226  % | 3,787  % | 6,723  % | 3,315  % | 3,217  % | 6,399  % |
| 87 | 4,229  % | 3,783  % | 6,705  % | 3,316  % | 3,220  % | 6,389  % |
| 88 | 4,232  % | 3,779  % | 6,686  % | 3,318  % | 3,222  % | 6,379  % |
| 89 | 4,235  % | 3,775  % | 6,668  % | 3,319  % | 3,225  % | 6,369  % |
| 90 | 4,238  % | 3,772  % | 6,651  % | 3,320  % | 3,228  % | 6,359  % |
| 91 | 4,241  % | 3,768  % | 6,634  % | 3,322  % | 3,230  % | 6,350  % |
| 92 | 4,243  % | 3,765  % | 6,617  % | 3,323  % | 3,232  % | 6,340  % |
| 93 | 4,246  % | 3,761  % | 6,600  % | 3,325  % | 3,235  % | 6,331  % |
| 94 | 4,249  % | 3,758  % | 6,584  % | 3,326  % | 3,237  % | 6,322  % |
| 95 | 4,251  % | 3,755  % | 6,568  % | 3,327  % | 3,239  % | 6,314  % |
| 96 | 4,254  % | 3,752  % | 6,553  % | 3,329  % | 3,241  % | 6,305  % |
| 97 | 4,257  % | 3,749  % | 6,538  % | 3,330  % | 3,244  % | 6,297  % |
| 98 | 4,259  % | 3,746  % | 6,523  % | 3,331  % | 3,246  % | 6,289  % |
| 99 | 4,261  % | 3,743  % | 6,509  % | 3,332  % | 3,248  % | 6,281  % |
| 100 | 4,264  % | 3,740  % | 6,495  % | 3,333  % | 3,250  % | 6,273  % |
| 101 | 4,266  % | 3,737  % | 6,481  % | 3,335  % | 3,252  % | 6,265  % |
| 102 | 4,268  % | 3,734  % | 6,467  % | 3,336  % | 3,254  % | 6,258  % |
| 103 | 4,271  % | 3,731  % | 6,454  % | 3,337  % | 3,256  % | 6,250  % |
| 104 | 4,273  % | 3,728  % | 6,441  % | 3,338  % | 3,257  % | 6,243  % |
| 105 | 4,275  % | 3,726  % | 6,428  % | 3,339  % | 3,259  % | 6,236  % |
| 106 | 4,277  % | 3,723  % | 6,415  % | 3,340  % | 3,261  % | 6,229  % |
| 107 | 4,279  % | 3,721  % | 6,403  % | 3,341  % | 3,263  % | 6,222  % |
| 108 | 4,281  % | 3,718  % | 6,391  % | 3,342  % | 3,265  % | 6,215  % |
| 109 | 4,283  % | 3,716  % | 6,379  % | 3,343  % | 3,266  % | 6,209  % |
| 110 | 4,285  % | 3,713  % | 6,367  % | 3,344  % | 3,268  % | 6,202  % |
| 111 | 4,287  % | 3,711  % | 6,356  % | 3,345  % | 3,270  % | 6,196  % |
| 112 | 4,289  % | 3,709  % | 6,344  % | 3,346  % | 3,271  % | 6,190  % |
| 113 | 4,291  % | 3,706  % | 6,333  % | 3,347  % | 3,273  % | 6,184  % |
| 114 | 4,293  % | 3,704  % | 6,322  % | 3,348  % | 3,274  % | 6,178  % |
| 115 | 4,295  % | 3,702  % | 6,312  % | 3,349  % | 3,276  % | 6,172  % |
| 116 | 4,296  % | 3,700  % | 6,301  % | 3,349  % | 3,277  % | 6,166  % |
| 117 | 4,298  % | 3,697  % | 6,291  % | 3,350  % | 3,279  % | 6,160  % |
| 118 | 4,300  % | 3,695  % | 6,281  % | 3,351  % | 3,280  % | 6,155  % |
| 119 | 4,301  % | 3,693  % | 6,271  % | 3,352  % | 3,282  % | 6,149  % |
| 120 | 4,303  % | 3,691  % | 6,261  % | 3,353  % | 3,283  % | 6,144  % |
| 121 | 4,305  % | 3,689  % | 6,251  % | 3,354  % | 3,284  % | 6,138  % |
| 122 | 4,306  % | 3,687  % | 6,242  % | 3,354  % | 3,286  % | 6,133  % |
| 123 | 4,308  % | 3,685  % | 6,232  % | 3,355  % | 3,287  % | 6,128  % |
| 124 | 4,309  % | 3,683  % | 6,223  % | 3,356  % | 3,288  % | 6,123  % |
| 125 | 4,311  % | 3,682  % | 6,214  % | 3,357  % | 3,290  % | 6,118  % |
| 126 | 4,313  % | 3,680  % | 6,205  % | 3,357  % | 3,291  % | 6,113  % |
| 127 | 4,314  % | 3,678  % | 6,197  % | 3,358  % | 3,292  % | 6,108  % |
| 128 | 4,315  % | 3,676  % | 6,188  % | 3,359  % | 3,293  % | 6,103  % |
| 129 | 4,317  % | 3,674  % | 6,179  % | 3,360  % | 3,295  % | 6,099  % |
| 130 | 4,318  % | 3,673  % | 6,171  % | 3,360  % | 3,296  % | 6,094  % |
| 131 | 4,320  % | 3,671  % | 6,163  % | 3,361  % | 3,297  % | 6,089  % |
| 132 | 4,321  % | 3,669  % | 6,155  % | 3,362  % | 3,298  % | 6,085  % |
| 133 | 4,322  % | 3,668  % | 6,147  % | 3,362  % | 3,299  % | 6,081  % |
| 134 | 4,324  % | 3,666  % | 6,139  % | 3,363  % | 3,301  % | 6,076  % |
| 135 | 4,325  % | 3,664  % | 6,131  % | 3,364  % | 3,302  % | 6,072  % |
| 136 | 4,326  % | 3,663  % | 6,124  % | 3,364  % | 3,303  % | 6,068  % |
| 137 | 4,328  % | 3,661  % | 6,116  % | 3,365  % | 3,304  % | 6,064  % |
| 138 | 4,329  % | 3,660  % | 6,109  % | 3,365  % | 3,305  % | 6,059  % |
| 139 | 4,330  % | 3,658  % | 6,101  % | 3,366  % | 3,306  % | 6,055  % |
| 140 | 4,331  % | 3,657  % | 6,094  % | 3,367  % | 3,307  % | 6,051  % |
| 141 | 4,332  % | 3,655  % | 6,087  % | 3,367  % | 3,308  % | 6,047  % |
| 142 | 4,334  % | 3,654  % | 6,080  % | 3,368  % | 3,309  % | 6,044  % |
| 143 | 4,335  % | 3,652  % | 6,073  % | 3,368  % | 3,310  % | 6,040  % |
| 144 | 4,336  % | 3,651  % | 6,067  % | 3,369  % | 3,311  % | 6,036  % |
| 145 | 4,337  % | 3,650  % | 6,060  % | 3,370  % | 3,312  % | 6,032  % |
| 146 | 4,338  % | 3,648  % | 6,053  % | 3,370  % | 3,313  % | 6,029  % |
| 147 | 4,339  % | 3,647  % | 6,047  % | 3,371  % | 3,314  % | 6,025  % |
| 148 | 4,340  % | 3,646  % | 6,040  % | 3,371  % | 3,315  % | 6,022  % |
| 149 | 4,341  % | 3,644  % | 6,034  % | 3,372  % | 3,316  % | 6,018  % |
| 150 | 4,342  % | 3,643  % | 6,028  % | 3,372  % | 3,316  % | 6,015  % |

Term to maturity (in years)

Renminbi-yuan

Ringgit

Russian rouble

Singapore dollar

South Korean won

Turkish lira

1

2,249  %

2,767  %

9,937  %

3,388  %

3,520  %

12,900  %

2

2,393  %

3,123  %

9,849  %

3,181  %

3,298  %

11,911  %

3

2,539  %

3,306  %

9,888  %

3,083  %

3,181  %

11,448  %

4

2,655  %

3,448  %

9,987  %

3,011  %

3,126  %

11,140  %

5

2,750  %

3,578  %

10,104  %

2,958  %

3,079  %

10,916  %

6

2,832  %

3,692  %

10,221  %

2,928  %

3,058  %

10,730  %

7

2,905  %

3,787  %

10,339  %

2,912  %

3,054  %

10,575  %

8

2,971  %

3,866  %

10,467  %

2,906  %

3,054  %

10,438  %

9

3,033  %

3,934  %

10,582  %

2,905  %

3,049  %

10,307  %

10

3,090  %

3,993  %

10,687  %

2,909  %

3,036  %

10,173  %

11

3,145  %

4,047  %

10,791  %

2,915  %

3,013  %

10,035  %

12

3,196  %

4,097  %

10,898  %

2,924  %

2,983  %

9,897  %

13

3,244  %

4,141  %

11,007  %

2,934  %

2,951  %

9,759  %

14

3,290  %

4,181  %

11,093  %

2,944  %

2,920  %

9,623  %

15

3,333  %

4,220  %

11,133  %

2,955  %

2,891  %

9,490  %

16

3,374  %

4,258  %

11,130  %

2,966  %

2,864  %

9,361  %

17

3,412  %

4,294  %

11,093  %

2,978  %

2,842  %

9,236  %

18

3,449  %

4,326  %

11,030  %

2,989  %

2,824  %

9,114  %

19

3,484  %

4,352  %

10,946  %

3,000  %

2,810  %

8,997  %

20

3,517  %

4,372  %

10,846  %

3,011  %

2,802  %

8,884  %

21

3,548  %

4,383  %

10,734  %

3,022  %

2,798  %

8,776  %

22

3,577  %

4,388  %

10,615  %

3,032  %

2,798  %

8,672  %

23

3,606  %

4,388  %

10,490  %

3,042  %

2,801  %

8,573  %

24

3,632  %

4,384  %

10,361  %

3,052  %

2,806  %

8,478  %

25

3,658  %

4,376  %

10,231  %

3,062  %

2,813  %

8,387  %

26

3,682  %

4,366  %

10,101  %

3,071  %

2,822  %

8,300  %

27

3,705  %

4,353  %

9,971  %

3,080  %

2,831  %

8,216  %

28

3,727  %

4,340  %

9,844  %

3,089  %

2,841  %

8,137  %

29

3,748  %

4,325  %

9,719  %

3,098  %

2,852  %

8,061  %

30

3,768  %

4,310  %

9,597  %

3,106  %

2,863  %

7,988  %

31

3,788  %

4,294  %

9,479  %

3,114  %

2,874  %

7,919  %

32

3,806  %

4,278  %

9,364  %

3,121  %

2,885  %

7,853  %

33

3,824  %

4,261  %

9,253  %

3,129  %

2,896  %

7,790  %

34

3,840  %

4,245  %

9,146  %

3,136  %

2,907  %

7,729  %

35

3,856  %

4,229  %

9,043  %

3,143  %

2,918  %

7,671  %

36

3,872  %

4,213  %

8,944  %

3,150  %

2,929  %

7,616  %

37

3,887  %

4,197  %

8,849  %

3,156  %

2,940  %

7,563  %

38

3,901  %

4,181  %

8,757  %

3,162  %

2,950  %

7,513  %

39

3,914  %

4,166  %

8,669  %

3,168  %

2,960  %

7,464  %

40

3,927  %

4,151  %

8,584  %

3,174  %

2,970  %

7,418  %

41

3,940  %

4,137  %

8,503  %

3,180  %

2,980  %

7,373  %

42

3,952  %

4,123  %

8,425  %

3,185  %

2,989  %

7,331  %

43

3,964  %

4,109  %

8,350  %

3,190  %

2,999  %

7,290  %

44

3,975  %

4,096  %

8,278  %

3,195  %

3,007  %

7,251  %

45

3,986  %

4,083  %

8,209  %

3,200  %

3,016  %

7,213  %

46

3,996  %

4,070  %

8,142  %

3,205  %

3,024  %

7,177  %

47

4,006  %

4,058  %

8,079  %

3,210  %

3,033  %

7,142  %

48

4,016  %

4,047  %

8,017  %

3,214  %

3,040  %

7,109  %

49

4,025  %

4,035  %

7,958  %

3,218  %

3,048  %

7,076  %

50

4,034  %

4,024  %

7,901  %

3,223  %

3,055  %

7,045  %

51

4,043  %

4,014  %

7,846  %

3,227  %

3,063  %

7,015  %

52

4,051  %

4,003  %

7,794  %

3,230  %

3,070  %

6,987  %

53

4,059  %

3,993  %

7,743  %

3,234  %

3,076  %

6,959  %

54

4,067  %

3,984  %

7,694  %

3,238  %

3,083  %

6,932  %

55

4,074  %

3,974  %

7,647  %

3,242  %

3,089  %

6,906  %

56

4,082  %

3,965  %

7,601  %

3,245  %

3,095  %

6,881  %

57

4,089  %

3,956  %

7,557  %

3,248  %

3,101  %

6,857  %

58

4,096  %

3,948  %

7,514  %

3,252  %

3,107  %

6,834  %

59

4,102  %

3,940  %

7,473  %

3,255  %

3,113  %

6,811  %

60

4,109  %

3,932  %

7,433  %

3,258  %

3,118  %

6,790  %

61

4,115  %

3,924  %

7,395  %

3,261  %

3,123  %

6,769  %

62

4,121  %

3,916  %

7,358  %

3,264  %

3,128  %

6,748  %

63

4,127  %

3,909  %

7,322  %

3,267  %

3,133  %

6,728  %

64

4,133  %

3,902  %

7,287  %

3,269  %

3,138  %

6,709  %

65

4,138  %

3,895  %

7,253  %

3,272  %

3,143  %

6,691  %

66

4,143  %

3,888  %

7,220  %

3,275  %

3,147  %

6,672  %

67

4,149  %

3,882  %

7,188  %

3,277  %

3,152  %

6,655  %

68

4,154  %

3,876  %

7,157  %

3,280  %

3,156  %

6,638  %

69

4,159  %

3,870  %

7,127  %

3,282  %

3,160  %

6,621  %

70

4,163  %

3,864  %

7,098  %

3,284  %

3,164  %

6,605  %

71

4,168  %

3,858  %

7,069  %

3,287  %

3,168  %

6,590  %

72

4,173  %

3,852  %

7,042  %

3,289  %

3,172  %

6,575  %

73

4,177  %

3,847  %

7,015  %

3,291  %

3,176  %

6,560  %

74

4,181  %

3,841  %

6,989  %

3,293  %

3,180  %

6,545  %

75

4,186  %

3,836  %

6,963  %

3,295  %

3,183  %

6,531  %

76

4,190  %

3,831  %

6,939  %

3,297  %

3,187  %

6,518  %

77

4,194  %

3,826  %

6,915  %

3,299  %

3,190  %

6,505  %

78

4,198  %

3,821  %

6,891  %

3,301  %

3,193  %

6,492  %

79

4,201  %

3,817  %

6,868  %

3,303  %

3,197  %

6,479  %

80

4,205  %

3,812  %

6,846  %

3,305  %

3,200  %

6,467  %

81

4,209  %

3,808  %

6,824  %

3,306  %

3,203  %

6,455  %

82

4,212  %

3,803  %

6,803  %

3,308  %

3,206  %

6,443  %

83

4,216  %

3,799  %

6,782  %

3,310  %

3,209  %

6,432  %

84

4,219  %

3,795  %

6,762  %

3,311  %

3,212  %

6,421  %

85

4,222  %

3,791  %

6,743  %

3,313  %

3,214  %

6,410  %

86

4,226  %

3,787  %

6,723  %

3,315  %

3,217  %

6,399  %

87

4,229  %

3,783  %

6,705  %

3,316  %

3,220  %

6,389  %

88

4,232  %

3,779  %

6,686  %

3,318  %

3,222  %

6,379  %

89

4,235  %

3,775  %

6,668  %

3,319  %

3,225  %

6,369  %

90

4,238  %

3,772  %

6,651  %

3,320  %

3,228  %

6,359  %

91

4,241  %

3,768  %

6,634  %

3,322  %

3,230  %

6,350  %

92

4,243  %

3,765  %

6,617  %

3,323  %

3,232  %

6,340  %

93

4,246  %

3,761  %

6,600  %

3,325  %

3,235  %

6,331  %

94

4,249  %

3,758  %

6,584  %

3,326  %

3,237  %

6,322  %

95

4,251  %

3,755  %

6,568  %

3,327  %

3,239  %

6,314  %

96

4,254  %

3,752  %

6,553  %

3,329  %

3,241  %

6,305  %

97

4,257  %

3,749  %

6,538  %

3,330  %

3,244  %

6,297  %

98

4,259  %

3,746  %

6,523  %

3,331  %

3,246  %

6,289  %

99

4,261  %

3,743  %

6,509  %

3,332  %

3,248  %

6,281  %

100

4,264  %

3,740  %

6,495  %

3,333  %

3,250  %

6,273  %

101

4,266  %

3,737  %

6,481  %

3,335  %

3,252  %

6,265  %

102

4,268  %

3,734  %

6,467  %

3,336  %

3,254  %

6,258  %

103

4,271  %

3,731  %

6,454  %

3,337  %

3,256  %

6,250  %

104

4,273  %

3,728  %

6,441  %

3,338  %

3,257  %

6,243  %

105

4,275  %

3,726  %

6,428  %

3,339  %

3,259  %

6,236  %

106

4,277  %

3,723  %

6,415  %

3,340  %

3,261  %

6,229  %

107

4,279  %

3,721  %

6,403  %

3,341  %

3,263  %

6,222  %

108

4,281  %

3,718  %

6,391  %

3,342  %

3,265  %

6,215  %

109

4,283  %

3,716  %

6,379  %

3,343  %

3,266  %

6,209  %

110

4,285  %

3,713  %

6,367  %

3,344  %

3,268  %

6,202  %

111

4,287  %

3,711  %

6,356  %

3,345  %

3,270  %

6,196  %

112

4,289  %

3,709  %

6,344  %

3,346  %

3,271  %

6,190  %

113

4,291  %

3,706  %

6,333  %

3,347  %

3,273  %

6,184  %

114

4,293  %

3,704  %

6,322  %

3,348  %

3,274  %

6,178  %

115

4,295  %

3,702  %

6,312  %

3,349  %

3,276  %

6,172  %

116

4,296  %

3,700  %

6,301  %

3,349  %

3,277  %

6,166  %

117

4,298  %

3,697  %

6,291  %

3,350  %

3,279  %

6,160  %

118

4,300  %

3,695  %

6,281  %

3,351  %

3,280  %

6,155  %

119

4,301  %

3,693  %

6,271  %

3,352  %

3,282  %

6,149  %

120

4,303  %

3,691  %

6,261  %

3,353  %

3,283  %

6,144  %

121

4,305  %

3,689  %

6,251  %

3,354  %

3,284  %

6,138  %

122

4,306  %

3,687  %

6,242  %

3,354  %

3,286  %

6,133  %

123

4,308  %

3,685  %

6,232  %

3,355  %

3,287  %

6,128  %

124

4,309  %

3,683  %

6,223  %

3,356  %

3,288  %

6,123  %

125

4,311  %

3,682  %

6,214  %

3,357  %

3,290  %

6,118  %

126

4,313  %

3,680  %

6,205  %

3,357  %

3,291  %

6,113  %

127

4,314  %

3,678  %

6,197  %

3,358  %

3,292  %

6,108  %

128

4,315  %

3,676  %

6,188  %

3,359  %

3,293  %

6,103  %

129

4,317  %

3,674  %

6,179  %

3,360  %

3,295  %

6,099  %

130

4,318  %

3,673  %

6,171  %

3,360  %

3,296  %

6,094  %

131

4,320  %

3,671  %

6,163  %

3,361  %

3,297  %

6,089  %

132

4,321  %

3,669  %

6,155  %

3,362  %

3,298  %

6,085  %

133

4,322  %

3,668  %

6,147  %

3,362  %

3,299  %

6,081  %

134

4,324  %

3,666  %

6,139  %

3,363  %

3,301  %

6,076  %

135

4,325  %

3,664  %

6,131  %

3,364  %

3,302  %

6,072  %

136

4,326  %

3,663  %

6,124  %

3,364  %

3,303  %

6,068  %

137

4,328  %

3,661  %

6,116  %

3,365  %

3,304  %

6,064  %

138

4,329  %

3,660  %

6,109  %

3,365  %

3,305  %

6,059  %

139

4,330  %

3,658  %

6,101  %

3,366  %

3,306  %

6,055  %

140

4,331  %

3,657  %

6,094  %

3,367  %

3,307  %

6,051  %

141

4,332  %

3,655  %

6,087  %

3,367  %

3,308  %

6,047  %

142

4,334  %

3,654  %

6,080  %

3,368  %

3,309  %

6,044  %

143

4,335  %

3,652  %

6,073  %

3,368  %

3,310  %

6,040  %

144

4,336  %

3,651  %

6,067  %

3,369  %

3,311  %

6,036  %

145

4,337  %

3,650  %

6,060  %

3,370  %

3,312  %

6,032  %

146

4,338  %

3,648  %

6,053  %

3,370  %

3,313  %

6,029  %

147

4,339  %

3,647  %

6,047  %

3,371  %

3,314  %

6,025  %

148

4,340  %

3,646  %

6,040  %

3,371  %

3,315  %

6,022  %

149

4,341  %

3,644  %

6,034  %

3,372  %

3,316  %

6,018  %

150

4,342  %

3,643  %

6,028  %

3,372  %

3,316  %

6,015  %

| Term to maturity (in years) | US dollar | Yen |
| --- | --- | --- |
| 1 | 4,719  % | 0,058  % |
| 2 | 4,064  % | 0,134  % |
| 3 | 3,671  % | 0,173  % |
| 4 | 3,454  % | 0,218  % |
| 5 | 3,332  % | 0,276  % |
| 6 | 3,255  % | 0,344  % |
| 7 | 3,206  % | 0,415  % |
| 8 | 3,177  % | 0,478  % |
| 9 | 3,163  % | 0,537  % |
| 10 | 3,160  % | 0,596  % |
| 11 | 3,160  % | 0,644  % |
| 12 | 3,162  % | 0,686  % |
| 13 | 3,163  % | 0,730  % |
| 14 | 3,164  % | 0,774  % |
| 15 | 3,164  % | 0,817  % |
| 16 | 3,162  % | 0,858  % |
| 17 | 3,157  % | 0,895  % |
| 18 | 3,148  % | 0,929  % |
| 19 | 3,132  % | 0,959  % |
| 20 | 3,111  % | 0,985  % |
| 21 | 3,083  % | 1,006  % |
| 22 | 3,050  % | 1,022  % |
| 23 | 3,016  % | 1,034  % |
| 24 | 2,982  % | 1,040  % |
| 25 | 2,950  % | 1,042  % |
| 26 | 2,920  % | 1,038  % |
| 27 | 2,893  % | 1,034  % |
| 28 | 2,870  % | 1,032  % |
| 29 | 2,851  % | 1,035  % |
| 30 | 2,837  % | 1,046  % |
| 31 | 2,827  % | 1,065  % |
| 32 | 2,821  % | 1,090  % |
| 33 | 2,818  % | 1,120  % |
| 34 | 2,817  % | 1,154  % |
| 35 | 2,819  % | 1,191  % |
| 36 | 2,823  % | 1,229  % |
| 37 | 2,827  % | 1,268  % |
| 38 | 2,833  % | 1,308  % |
| 39 | 2,840  % | 1,348  % |
| 40 | 2,847  % | 1,388  % |
| 41 | 2,855  % | 1,427  % |
| 42 | 2,863  % | 1,467  % |
| 43 | 2,871  % | 1,505  % |
| 44 | 2,880  % | 1,543  % |
| 45 | 2,888  % | 1,580  % |
| 46 | 2,897  % | 1,616  % |
| 47 | 2,905  % | 1,651  % |
| 48 | 2,914  % | 1,686  % |
| 49 | 2,923  % | 1,719  % |
| 50 | 2,931  % | 1,751  % |
| 51 | 2,940  % | 1,783  % |
| 52 | 2,948  % | 1,814  % |
| 53 | 2,956  % | 1,843  % |
| 54 | 2,964  % | 1,872  % |
| 55 | 2,971  % | 1,900  % |
| 56 | 2,979  % | 1,927  % |
| 57 | 2,986  % | 1,954  % |
| 58 | 2,994  % | 1,979  % |
| 59 | 3,001  % | 2,004  % |
| 60 | 3,008  % | 2,028  % |
| 61 | 3,014  % | 2,052  % |
| 62 | 3,021  % | 2,074  % |
| 63 | 3,027  % | 2,096  % |
| 64 | 3,034  % | 2,118  % |
| 65 | 3,040  % | 2,139  % |
| 66 | 3,046  % | 2,159  % |
| 67 | 3,052  % | 2,178  % |
| 68 | 3,057  % | 2,198  % |
| 69 | 3,063  % | 2,216  % |
| 70 | 3,068  % | 2,234  % |
| 71 | 3,073  % | 2,252  % |
| 72 | 3,078  % | 2,269  % |
| 73 | 3,083  % | 2,286  % |
| 74 | 3,088  % | 2,302  % |
| 75 | 3,093  % | 2,318  % |
| 76 | 3,098  % | 2,333  % |
| 77 | 3,102  % | 2,348  % |
| 78 | 3,106  % | 2,363  % |
| 79 | 3,111  % | 2,377  % |
| 80 | 3,115  % | 2,391  % |
| 81 | 3,119  % | 2,404  % |
| 82 | 3,123  % | 2,418  % |
| 83 | 3,127  % | 2,431  % |
| 84 | 3,131  % | 2,443  % |
| 85 | 3,135  % | 2,456  % |
| 86 | 3,138  % | 2,468  % |
| 87 | 3,142  % | 2,480  % |
| 88 | 3,145  % | 2,491  % |
| 89 | 3,149  % | 2,502  % |
| 90 | 3,152  % | 2,513  % |
| 91 | 3,155  % | 2,524  % |
| 92 | 3,158  % | 2,535  % |
| 93 | 3,161  % | 2,545  % |
| 94 | 3,165  % | 2,555  % |
| 95 | 3,168  % | 2,565  % |
| 96 | 3,170  % | 2,575  % |
| 97 | 3,173  % | 2,584  % |
| 98 | 3,176  % | 2,593  % |
| 99 | 3,179  % | 2,603  % |
| 100 | 3,182  % | 2,612  % |
| 101 | 3,184  % | 2,620  % |
| 102 | 3,187  % | 2,629  % |
| 103 | 3,189  % | 2,637  % |
| 104 | 3,192  % | 2,646  % |
| 105 | 3,194  % | 2,654  % |
| 106 | 3,197  % | 2,662  % |
| 107 | 3,199  % | 2,669  % |
| 108 | 3,201  % | 2,677  % |
| 109 | 3,204  % | 2,685  % |
| 110 | 3,206  % | 2,692  % |
| 111 | 3,208  % | 2,699  % |
| 112 | 3,210  % | 2,706  % |
| 113 | 3,212  % | 2,713  % |
| 114 | 3,215  % | 2,720  % |
| 115 | 3,217  % | 2,727  % |
| 116 | 3,219  % | 2,734  % |
| 117 | 3,221  % | 2,740  % |
| 118 | 3,222  % | 2,747  % |
| 119 | 3,224  % | 2,753  % |
| 120 | 3,226  % | 2,759  % |
| 121 | 3,228  % | 2,765  % |
| 122 | 3,230  % | 2,771  % |
| 123 | 3,232  % | 2,777  % |
| 124 | 3,233  % | 2,783  % |
| 125 | 3,235  % | 2,789  % |
| 126 | 3,237  % | 2,794  % |
| 127 | 3,239  % | 2,800  % |
| 128 | 3,240  % | 2,805  % |
| 129 | 3,242  % | 2,811  % |
| 130 | 3,243  % | 2,816  % |
| 131 | 3,245  % | 2,821  % |
| 132 | 3,247  % | 2,826  % |
| 133 | 3,248  % | 2,831  % |
| 134 | 3,250  % | 2,836  % |
| 135 | 3,251  % | 2,841  % |
| 136 | 3,253  % | 2,846  % |
| 137 | 3,254  % | 2,851  % |
| 138 | 3,255  % | 2,855  % |
| 139 | 3,257  % | 2,860  % |
| 140 | 3,258  % | 2,865  % |
| 141 | 3,260  % | 2,869  % |
| 142 | 3,261  % | 2,874  % |
| 143 | 3,262  % | 2,878  % |
| 144 | 3,264  % | 2,882  % |
| 145 | 3,265  % | 2,886  % |
| 146 | 3,266  % | 2,891  % |
| 147 | 3,267  % | 2,895  % |
| 148 | 3,269  % | 2,899  % |
| 149 | 3,270  % | 2,903  % |
| 150 | 3,271  % | 2,907  % |

Term to maturity (in years)

US dollar

Yen

1

4,719  %

0,058  %

2

4,064  %

0,134  %

3

3,671  %

0,173  %

4

3,454  %

0,218  %

5

3,332  %

0,276  %

6

3,255  %

0,344  %

7

3,206  %

0,415  %

8

3,177  %

0,478  %

9

3,163  %

0,537  %

10

3,160  %

0,596  %

11

3,160  %

0,644  %

12

3,162  %

0,686  %

13

3,163  %

0,730  %

14

3,164  %

0,774  %

15

3,164  %

0,817  %

16

3,162  %

0,858  %

17

3,157  %

0,895  %

18

3,148  %

0,929  %

19

3,132  %

0,959  %

20

3,111  %

0,985  %

21

3,083  %

1,006  %

22

3,050  %

1,022  %

23

3,016  %

1,034  %

24

2,982  %

1,040  %

25

2,950  %

1,042  %

26

2,920  %

1,038  %

27

2,893  %

1,034  %

28

2,870  %

1,032  %

29

2,851  %

1,035  %

30

2,837  %

1,046  %

31

2,827  %

1,065  %

32

2,821  %

1,090  %

33

2,818  %

1,120  %

34

2,817  %

1,154  %

35

2,819  %

1,191  %

36

2,823  %

1,229  %

37

2,827  %

1,268  %

38

2,833  %

1,308  %

39

2,840  %

1,348  %

40

2,847  %

1,388  %

41

2,855  %

1,427  %

42

2,863  %

1,467  %

43

2,871  %

1,505  %

44

2,880  %

1,543  %

45

2,888  %

1,580  %

46

2,897  %

1,616  %

47

2,905  %

1,651  %

48

2,914  %

1,686  %

49

2,923  %

1,719  %

50

2,931  %

1,751  %

51

2,940  %

1,783  %

52

2,948  %

1,814  %

53

2,956  %

1,843  %

54

2,964  %

1,872  %

55

2,971  %

1,900  %

56

2,979  %

1,927  %

57

2,986  %

1,954  %

58

2,994  %

1,979  %

59

3,001  %

2,004  %

60

3,008  %

2,028  %

61

3,014  %

2,052  %

62

3,021  %

2,074  %

63

3,027  %

2,096  %

64

3,034  %

2,118  %

65

3,040  %

2,139  %

66

3,046  %

2,159  %

67

3,052  %

2,178  %

68

3,057  %

2,198  %

69

3,063  %

2,216  %

70

3,068  %

2,234  %

71

3,073  %

2,252  %

72

3,078  %

2,269  %

73

3,083  %

2,286  %

74

3,088  %

2,302  %

75

3,093  %

2,318  %

76

3,098  %

2,333  %

77

3,102  %

2,348  %

78

3,106  %

2,363  %

79

3,111  %

2,377  %

80

3,115  %

2,391  %

81

3,119  %

2,404  %

82

3,123  %

2,418  %

83

3,127  %

2,431  %

84

3,131  %

2,443  %

85

3,135  %

2,456  %

86

3,138  %

2,468  %

87

3,142  %

2,480  %

88

3,145  %

2,491  %

89

3,149  %

2,502  %

90

3,152  %

2,513  %

91

3,155  %

2,524  %

92

3,158  %

2,535  %

93

3,161  %

2,545  %

94

3,165  %

2,555  %

95

3,168  %

2,565  %

96

3,170  %

2,575  %

97

3,173  %

2,584  %

98

3,176  %

2,593  %

99

3,179  %

2,603  %

100

3,182  %

2,612  %

101

3,184  %

2,620  %

102

3,187  %

2,629  %

103

3,189  %

2,637  %

104

3,192  %

2,646  %

105

3,194  %

2,654  %

106

3,197  %

2,662  %

107

3,199  %

2,669  %

108

3,201  %

2,677  %

109

3,204  %

2,685  %

110

3,206  %

2,692  %

111

3,208  %

2,699  %

112

3,210  %

2,706  %

113

3,212  %

2,713  %

114

3,215  %

2,720  %

115

3,217  %

2,727  %

116

3,219  %

2,734  %

117

3,221  %

2,740  %

118

3,222  %

2,747  %

119

3,224  %

2,753  %

120

3,226  %

2,759  %

121

3,228  %

2,765  %

122

3,230  %

2,771  %

123

3,232  %

2,777  %

124

3,233  %

2,783  %

125

3,235  %

2,789  %

126

3,237  %

2,794  %

127

3,239  %

2,800  %

128

3,240  %

2,805  %

129

3,242  %

2,811  %

130

3,243  %

2,816  %

131

3,245  %

2,821  %

132

3,247  %

2,826  %

133

3,248  %

2,831  %

134

3,250  %

2,836  %

135

3,251  %

2,841  %

136

3,253  %

2,846  %

137

3,254  %

2,851  %

138

3,255  %

2,855  %

139

3,257  %

2,860  %

140

3,258  %

2,865  %

141

3,260  %

2,869  %

142

3,261  %

2,874  %

143

3,262  %

2,878  %

144

3,264  %

2,882  %

145

3,265  %

2,886  %

146

3,266  %

2,891  %

147

3,267  %

2,895  %

148

3,269  %

2,899  %

149

3,270  %

2,903  %

150

3,271  %

2,907  %

ANNEX II

Fundamental spreads for the calculation of the matching adjustment

The fundamental spreads set out in this Annex are expressed in basis points and do not include any increase in accordance with Article 77c(1)(c) of Directive 2009/138/EC.

1.   Exposures to central governments and central banks

The fundamental spreads apply to exposures denominated in all currencies.

The fundamental spreads for durations from 11 to 30 years are equal to the fundamental spreads for duration 10 years.

| Duration (in years) | Austria | Belgium | Bulgaria | Croatia | Czech Republic | Cyprus | Denmark |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 0 | 28 | 5 | 0 | 21 | 0 |
| 2 | 0 | 0 | 35 | 5 | 0 | 36 | 0 |
| 3 | 0 | 0 | 40 | 5 | 0 | 41 | 0 |
| 4 | 0 | 1 | 43 | 5 | 2 | 42 | 0 |
| 5 | 0 | 2 | 47 | 5 | 3 | 45 | 0 |
| 6 | 0 | 3 | 50 | 5 | 5 | 48 | 0 |
| 7 | 1 | 4 | 53 | 5 | 8 | 49 | 0 |
| 8 | 2 | 5 | 55 | 5 | 10 | 49 | 0 |
| 9 | 2 | 6 | 56 | 5 | 11 | 47 | 0 |
| 10 | 3 | 7 | 58 | 5 | 12 | 46 | 0 |

Duration (in years)

Austria

Belgium

Bulgaria

Croatia

Czech Republic

Cyprus

Denmark

1

0

0

28

5

0

21

0

2

0

0

35

5

0

36

0

3

0

0

40

5

0

41

0

4

0

1

43

5

2

42

0

5

0

2

47

5

3

45

0

6

0

3

50

5

5

48

0

7

1

4

53

5

8

49

0

8

2

5

55

5

10

49

0

9

2

6

56

5

11

47

0

10

3

7

58

5

12

46

0

| Duration (in years) | Estonia | Finland | France | Germany | Greece | Hungary | Ireland |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 0 | 0 | 0 | 350 | 4 | 13 |
| 2 | 0 | 0 | 0 | 0 | 219 | 4 | 19 |
| 3 | 0 | 0 | 0 | 0 | 195 | 4 | 21 |
| 4 | 1 | 0 | 0 | 0 | 171 | 4 | 22 |
| 5 | 2 | 0 | 0 | 0 | 158 | 4 | 23 |
| 6 | 3 | 0 | 0 | 0 | 155 | 4 | 25 |
| 7 | 4 | 0 | 0 | 0 | 153 | 4 | 26 |
| 8 | 5 | 0 | 1 | 0 | 157 | 3 | 27 |
| 9 | 6 | 0 | 2 | 0 | 159 | 1 | 27 |
| 10 | 7 | 0 | 3 | 0 | 161 | 4 | 27 |

Duration (in years)

Estonia

Finland

France

Germany

Greece

Hungary

Ireland

1

0

0

0

0

350

4

13

2

0

0

0

0

219

4

19

3

0

0

0

0

195

4

21

4

1

0

0

0

171

4

22

5

2

0

0

0

158

4

23

6

3

0

0

0

155

4

25

7

4

0

0

0

153

4

26

8

5

0

1

0

157

3

27

9

6

0

2

0

159

1

27

10

7

0

3

0

161

4

27

| Duration (in years) | Italy | Latvia | Lithuania | Luxembourg | Malta | Netherlands | Poland |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 6 | 4 | 4 | 0 | 13 | 0 | 4 |
| 2 | 14 | 9 | 10 | 0 | 19 | 0 | 4 |
| 3 | 18 | 12 | 13 | 0 | 21 | 0 | 4 |
| 4 | 21 | 13 | 15 | 0 | 22 | 0 | 4 |
| 5 | 23 | 15 | 17 | 0 | 23 | 0 | 4 |
| 6 | 25 | 17 | 19 | 0 | 25 | 0 | 4 |
| 7 | 27 | 18 | 20 | 0 | 26 | 0 | 4 |
| 8 | 29 | 19 | 22 | 0 | 27 | 0 | 4 |
| 9 | 30 | 20 | 23 | 1 | 27 | 0 | 4 |
| 10 | 32 | 21 | 24 | 1 | 28 | 0 | 4 |

Duration (in years)

Italy

Latvia

Lithuania

Luxembourg

Malta

Netherlands

Poland

1

6

4

4

0

13

0

4

2

14

9

10

0

19

0

4

3

18

12

13

0

21

0

4

4

21

13

15

0

22

0

4

5

23

15

17

0

23

0

4

6

25

17

19

0

25

0

4

7

27

18

20

0

26

0

4

8

29

19

22

0

27

0

4

9

30

20

23

1

27

0

4

10

32

21

24

1

28

0

4

| Duration (in years) | Portugal | Romania | Slovakia | Slovenia | Spain | Sweden | United Kingdom |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 21 | 8 | 10 | 15 | 4 | 0 | 0 |
| 2 | 36 | 15 | 13 | 18 | 10 | 0 | 0 |
| 3 | 41 | 17 | 15 | 22 | 13 | 0 | 0 |
| 4 | 42 | 18 | 17 | 26 | 15 | 0 | 0 |
| 5 | 45 | 20 | 18 | 30 | 17 | 0 | 0 |
| 6 | 48 | 21 | 19 | 33 | 19 | 0 | 0 |
| 7 | 49 | 22 | 21 | 34 | 20 | 0 | 0 |
| 8 | 49 | 23 | 22 | 36 | 22 | 0 | 0 |
| 9 | 47 | 25 | 22 | 37 | 23 | 0 | 0 |
| 10 | 46 | 23 | 23 | 37 | 24 | 0 | 0 |

Duration (in years)

Portugal

Romania

Slovakia

Slovenia

Spain

Sweden

United Kingdom

1

21

8

10

15

4

0

0

2

36

15

13

18

10

0

0

3

41

17

15

22

13

0

0

4

42

18

17

26

15

0

0

5

45

20

18

30

17

0

0

6

48

21

19

33

19

0

0

7

49

22

21

34

20

0

0

8

49

23

22

36

22

0

0

9

47

25

22

37

23

0

0

10

46

23

23

37

24

0

0

| Duration (in years) | Iceland | Liechtenstein | Norway | Switzerland | Australia | Brazil | Canada |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 2 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 3 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 4 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 5 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 6 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 7 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 8 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 9 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |
| 10 | 5 | 0 | 0 | 0 | 0 | 12 | 0 |

Duration (in years)

Iceland

Liechtenstein

Norway

Switzerland

Australia

Brazil

Canada

1

5

0

0

0

0

12

0

2

5

0

0

0

0

12

0

3

5

0

0

0

0

12

0

4

5

0

0

0

0

12

0

5

5

0

0

0

0

12

0

6

5

0

0

0

0

12

0

7

5

0

0

0

0

12

0

8

5

0

0

0

0

12

0

9

5

0

0

0

0

12

0

10

5

0

0

0

0

12

0

| Duration (in years) | Chile | China | Colombia | Hong Kong | India | Japan | Malaysia |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 16 | 0 | 11 | 0 | 10 | 0 | 0 |
| 2 | 18 | 1 | 18 | 0 | 10 | 0 | 0 |
| 3 | 17 | 2 | 27 | 0 | 10 | 0 | 0 |
| 4 | 17 | 3 | 34 | 0 | 10 | 0 | 0 |
| 5 | 15 | 3 | 35 | 0 | 10 | 0 | 0 |
| 6 | 14 | 3 | 38 | 0 | 10 | 0 | 0 |
| 7 | 13 | 4 | 40 | 0 | 10 | 0 | 0 |
| 8 | 14 | 7 | 38 | 0 | 10 | 0 | 0 |
| 9 | 15 | 5 | 36 | 0 | 10 | 0 | 0 |
| 10 | 13 | 5 | 38 | 0 | 10 | 1 | 0 |

Duration (in years)

Chile

China

Colombia

Hong Kong

India

Japan

Malaysia

1

16

0

11

0

10

0

0

2

18

1

18

0

10

0

0

3

17

2

27

0

10

0

0

4

17

3

34

0

10

0

0

5

15

3

35

0

10

0

0

6

14

3

38

0

10

0

0

7

13

4

40

0

10

0

0

8

14

7

38

0

10

0

0

9

15

5

36

0

10

0

0

10

13

5

38

0

10

1

0

| Duration (in years) | Mexico | New Zealand | Russia | Singapore | South Africa | South Korea | Thailand |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 8 | 0 | 0 | 0 | 7 | 9 | 1 |
| 2 | 9 | 0 | 0 | 0 | 10 | 11 | 0 |
| 3 | 10 | 0 | 0 | 0 | 11 | 11 | 0 |
| 4 | 10 | 0 | 0 | 0 | 12 | 13 | 0 |
| 5 | 10 | 0 | 2 | 0 | 13 | 15 | 0 |
| 6 | 10 | 0 | 5 | 0 | 14 | 15 | 0 |
| 7 | 10 | 0 | 7 | 0 | 17 | 15 | 0 |
| 8 | 10 | 0 | 11 | 0 | 19 | 15 | 0 |
| 9 | 10 | 0 | 16 | 0 | 20 | 15 | 0 |
| 10 | 10 | 0 | 16 | 0 | 21 | 15 | 0 |

Duration (in years)

Mexico

New Zealand

Russia

Singapore

South Africa

South Korea

Thailand

1

8

0

0

0

7

9

1

2

9

0

0

0

10

11

0

3

10

0

0

0

11

11

0

4

10

0

0

0

12

13

0

5

10

0

2

0

13

15

0

6

10

0

5

0

14

15

0

7

10

0

7

0

17

15

0

8

10

0

11

0

19

15

0

9

10

0

16

0

20

15

0

10

10

0

16

0

21

15

0

| Duration (in years) | Taiwan | Turkey | United States |
| --- | --- | --- | --- |
| 1 | 4 | 0 | 0 |
| 2 | 4 | 0 | 0 |
| 3 | 4 | 0 | 0 |
| 4 | 4 | 0 | 0 |
| 5 | 4 | 0 | 0 |
| 6 | 4 | 0 | 0 |
| 7 | 4 | 0 | 0 |
| 8 | 4 | 0 | 0 |
| 9 | 4 | 0 | 0 |
| 10 | 4 | 0 | 0 |

Duration (in years)

Taiwan

Turkey

United States

1

4

0

0

2

4

0

0

3

4

0

0

4

4

0

0

5

4

0

0

6

4

0

0

7

4

0

0

8

4

0

0

9

4

0

0

10

4

0

0

2.   Exposures to financial institutions

2.1   Euro

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 6 | 19 | 42 | 110 | 224 | 511 | 1 242 |
| 2 | 6 | 19 | 42 | 110 | 224 | 511 | 1 000 |
| 3 | 8 | 21 | 43 | 105 | 220 | 508 | 815 |
| 4 | 9 | 24 | 46 | 107 | 220 | 507 | 674 |
| 5 | 10 | 26 | 51 | 110 | 219 | 507 | 567 |
| 6 | 11 | 28 | 55 | 115 | 219 | 507 | 507 |
| 7 | 12 | 30 | 56 | 118 | 219 | 507 | 507 |
| 8 | 12 | 31 | 56 | 117 | 219 | 507 | 507 |
| 9 | 13 | 32 | 56 | 116 | 219 | 507 | 507 |
| 10 | 13 | 33 | 57 | 116 | 219 | 507 | 507 |
| 11 | 14 | 34 | 57 | 116 | 219 | 507 | 507 |
| 12 | 14 | 35 | 57 | 116 | 219 | 507 | 507 |
| 13 | 14 | 36 | 57 | 116 | 219 | 507 | 507 |
| 14 | 15 | 36 | 57 | 116 | 219 | 507 | 507 |
| 15 | 15 | 36 | 57 | 116 | 219 | 507 | 507 |
| 16 | 15 | 36 | 57 | 116 | 219 | 507 | 507 |
| 17 | 15 | 36 | 57 | 116 | 219 | 507 | 507 |
| 18 | 15 | 36 | 57 | 116 | 219 | 507 | 507 |
| 19 | 15 | 36 | 57 | 116 | 219 | 507 | 507 |
| 20 | 16 | 36 | 57 | 116 | 219 | 507 | 507 |
| 21 | 16 | 36 | 57 | 116 | 219 | 507 | 507 |
| 22 | 18 | 36 | 57 | 116 | 219 | 507 | 507 |
| 23 | 18 | 36 | 57 | 116 | 219 | 507 | 507 |
| 24 | 19 | 36 | 57 | 116 | 219 | 507 | 507 |
| 25 | 19 | 36 | 57 | 116 | 219 | 507 | 507 |
| 26 | 20 | 36 | 57 | 116 | 219 | 507 | 507 |
| 27 | 21 | 36 | 57 | 116 | 219 | 507 | 507 |
| 28 | 21 | 36 | 57 | 116 | 219 | 507 | 507 |
| 29 | 22 | 36 | 57 | 116 | 219 | 507 | 507 |
| 30 | 23 | 36 | 57 | 116 | 219 | 507 | 507 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

6

19

42

110

224

511

1 242

2

6

19

42

110

224

511

1 000

3

8

21

43

105

220

508

815

4

9

24

46

107

220

507

674

5

10

26

51

110

219

507

567

6

11

28

55

115

219

507

507

7

12

30

56

118

219

507

507

8

12

31

56

117

219

507

507

9

13

32

56

116

219

507

507

10

13

33

57

116

219

507

507

11

14

34

57

116

219

507

507

12

14

35

57

116

219

507

507

13

14

36

57

116

219

507

507

14

15

36

57

116

219

507

507

15

15

36

57

116

219

507

507

16

15

36

57

116

219

507

507

17

15

36

57

116

219

507

507

18

15

36

57

116

219

507

507

19

15

36

57

116

219

507

507

20

16

36

57

116

219

507

507

21

16

36

57

116

219

507

507

22

18

36

57

116

219

507

507

23

18

36

57

116

219

507

507

24

19

36

57

116

219

507

507

25

19

36

57

116

219

507

507

26

20

36

57

116

219

507

507

27

21

36

57

116

219

507

507

28

21

36

57

116

219

507

507

29

22

36

57

116

219

507

507

30

23

36

57

116

219

507

507

2.2   Czech koruna

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 18 | 31 | 54 | 122 | 236 | 523 | 1 307 |
| 2 | 20 | 32 | 55 | 123 | 237 | 524 | 1 043 |
| 3 | 21 | 35 | 56 | 118 | 234 | 521 | 846 |
| 4 | 21 | 36 | 59 | 120 | 232 | 519 | 698 |
| 5 | 22 | 38 | 63 | 122 | 231 | 519 | 585 |
| 6 | 22 | 39 | 66 | 126 | 231 | 518 | 518 |
| 7 | 23 | 41 | 67 | 128 | 230 | 517 | 517 |
| 8 | 22 | 41 | 66 | 126 | 229 | 516 | 516 |
| 9 | 22 | 41 | 65 | 125 | 228 | 516 | 516 |
| 10 | 22 | 42 | 65 | 124 | 228 | 515 | 515 |
| 11 | 22 | 42 | 65 | 124 | 227 | 515 | 515 |
| 12 | 21 | 42 | 64 | 123 | 227 | 514 | 514 |
| 13 | 21 | 42 | 64 | 123 | 226 | 513 | 513 |
| 14 | 21 | 42 | 63 | 122 | 226 | 513 | 513 |
| 15 | 20 | 42 | 63 | 122 | 225 | 513 | 513 |
| 16 | 20 | 41 | 62 | 121 | 225 | 512 | 512 |
| 17 | 20 | 41 | 62 | 121 | 225 | 512 | 512 |
| 18 | 20 | 41 | 62 | 121 | 225 | 512 | 512 |
| 19 | 20 | 41 | 62 | 121 | 225 | 512 | 512 |
| 20 | 20 | 42 | 63 | 122 | 225 | 512 | 512 |
| 21 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 22 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 23 | 21 | 42 | 63 | 122 | 226 | 513 | 513 |
| 24 | 21 | 42 | 63 | 122 | 226 | 513 | 513 |
| 25 | 21 | 42 | 63 | 122 | 226 | 513 | 513 |
| 26 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 27 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 28 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 29 | 23 | 42 | 63 | 122 | 225 | 513 | 513 |
| 30 | 24 | 42 | 63 | 122 | 225 | 512 | 512 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

18

31

54

122

236

523

1 307

2

20

32

55

123

237

524

1 043

3

21

35

56

118

234

521

846

4

21

36

59

120

232

519

698

5

22

38

63

122

231

519

585

6

22

39

66

126

231

518

518

7

23

41

67

128

230

517

517

8

22

41

66

126

229

516

516

9

22

41

65

125

228

516

516

10

22

42

65

124

228

515

515

11

22

42

65

124

227

515

515

12

21

42

64

123

227

514

514

13

21

42

64

123

226

513

513

14

21

42

63

122

226

513

513

15

20

42

63

122

225

513

513

16

20

41

62

121

225

512

512

17

20

41

62

121

225

512

512

18

20

41

62

121

225

512

512

19

20

41

62

121

225

512

512

20

20

42

63

122

225

512

512

21

21

42

63

122

225

513

513

22

21

42

63

122

225

513

513

23

21

42

63

122

226

513

513

24

21

42

63

122

226

513

513

25

21

42

63

122

226

513

513

26

21

42

63

122

225

513

513

27

21

42

63

122

225

513

513

28

21

42

63

122

225

513

513

29

23

42

63

122

225

513

513

30

24

42

63

122

225

512

512

2.3   Danish krone

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 6 | 19 | 42 | 110 | 224 | 511 | 1 242 |
| 2 | 6 | 19 | 42 | 110 | 224 | 511 | 1 000 |
| 3 | 7 | 21 | 43 | 105 | 220 | 507 | 815 |
| 4 | 9 | 24 | 46 | 107 | 219 | 507 | 674 |
| 5 | 10 | 26 | 51 | 110 | 219 | 507 | 567 |
| 6 | 11 | 28 | 54 | 115 | 219 | 507 | 507 |
| 7 | 12 | 30 | 56 | 117 | 219 | 507 | 507 |
| 8 | 12 | 31 | 56 | 116 | 219 | 507 | 507 |
| 9 | 12 | 32 | 56 | 116 | 219 | 507 | 507 |
| 10 | 13 | 33 | 56 | 116 | 219 | 507 | 507 |
| 11 | 14 | 34 | 57 | 116 | 219 | 507 | 507 |
| 12 | 14 | 35 | 57 | 116 | 219 | 507 | 507 |
| 13 | 14 | 35 | 57 | 116 | 219 | 507 | 507 |
| 14 | 15 | 36 | 57 | 116 | 219 | 507 | 507 |
| 15 | 15 | 36 | 57 | 116 | 219 | 507 | 507 |
| 16 | 14 | 36 | 57 | 116 | 219 | 507 | 507 |
| 17 | 14 | 36 | 57 | 116 | 219 | 507 | 507 |
| 18 | 14 | 36 | 57 | 116 | 219 | 507 | 507 |
| 19 | 15 | 36 | 57 | 116 | 219 | 507 | 507 |
| 20 | 16 | 36 | 57 | 116 | 219 | 507 | 507 |
| 21 | 16 | 36 | 57 | 116 | 219 | 507 | 507 |
| 22 | 18 | 36 | 57 | 116 | 219 | 507 | 507 |
| 23 | 18 | 36 | 57 | 116 | 219 | 507 | 507 |
| 24 | 19 | 36 | 57 | 116 | 219 | 507 | 507 |
| 25 | 19 | 36 | 57 | 116 | 219 | 507 | 507 |
| 26 | 20 | 36 | 57 | 116 | 219 | 507 | 507 |
| 27 | 21 | 36 | 57 | 116 | 219 | 507 | 507 |
| 28 | 21 | 36 | 57 | 116 | 219 | 507 | 507 |
| 29 | 22 | 36 | 57 | 116 | 219 | 507 | 507 |
| 30 | 23 | 36 | 57 | 116 | 219 | 507 | 507 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

6

19

42

110

224

511

1 242

2

6

19

42

110

224

511

1 000

3

7

21

43

105

220

507

815

4

9

24

46

107

219

507

674

5

10

26

51

110

219

507

567

6

11

28

54

115

219

507

507

7

12

30

56

117

219

507

507

8

12

31

56

116

219

507

507

9

12

32

56

116

219

507

507

10

13

33

56

116

219

507

507

11

14

34

57

116

219

507

507

12

14

35

57

116

219

507

507

13

14

35

57

116

219

507

507

14

15

36

57

116

219

507

507

15

15

36

57

116

219

507

507

16

14

36

57

116

219

507

507

17

14

36

57

116

219

507

507

18

14

36

57

116

219

507

507

19

15

36

57

116

219

507

507

20

16

36

57

116

219

507

507

21

16

36

57

116

219

507

507

22

18

36

57

116

219

507

507

23

18

36

57

116

219

507

507

24

19

36

57

116

219

507

507

25

19

36

57

116

219

507

507

26

20

36

57

116

219

507

507

27

21

36

57

116

219

507

507

28

21

36

57

116

219

507

507

29

22

36

57

116

219

507

507

30

23

36

57

116

219

507

507

2.4   Forint

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 79 | 92 | 115 | 183 | 297 | 584 | 1 452 |
| 2 | 76 | 89 | 111 | 179 | 293 | 581 | 1 150 |
| 3 | 79 | 93 | 115 | 177 | 292 | 579 | 925 |
| 4 | 79 | 94 | 116 | 177 | 289 | 577 | 758 |
| 5 | 78 | 94 | 119 | 178 | 287 | 575 | 631 |
| 6 | 78 | 95 | 121 | 181 | 286 | 573 | 573 |
| 7 | 77 | 95 | 121 | 182 | 284 | 571 | 571 |
| 8 | 76 | 95 | 120 | 180 | 283 | 570 | 570 |
| 9 | 75 | 95 | 119 | 178 | 282 | 569 | 569 |
| 10 | 72 | 92 | 116 | 175 | 279 | 566 | 566 |
| 11 | 71 | 91 | 114 | 173 | 276 | 564 | 564 |
| 12 | 70 | 91 | 113 | 172 | 275 | 563 | 563 |
| 13 | 70 | 91 | 112 | 171 | 275 | 562 | 562 |
| 14 | 69 | 91 | 112 | 171 | 274 | 562 | 562 |
| 15 | 69 | 90 | 111 | 171 | 274 | 561 | 561 |
| 16 | 69 | 90 | 111 | 170 | 273 | 561 | 561 |
| 17 | 68 | 90 | 111 | 170 | 273 | 560 | 560 |
| 18 | 68 | 89 | 110 | 169 | 273 | 560 | 560 |
| 19 | 67 | 88 | 109 | 169 | 272 | 559 | 559 |
| 20 | 67 | 88 | 109 | 168 | 271 | 559 | 559 |
| 21 | 66 | 87 | 108 | 167 | 271 | 558 | 558 |
| 22 | 65 | 86 | 107 | 167 | 270 | 557 | 557 |
| 23 | 64 | 85 | 107 | 166 | 269 | 556 | 556 |
| 24 | 63 | 85 | 106 | 165 | 268 | 555 | 555 |
| 25 | 62 | 84 | 105 | 164 | 267 | 554 | 554 |
| 26 | 61 | 82 | 104 | 163 | 266 | 553 | 553 |
| 27 | 60 | 81 | 102 | 162 | 265 | 552 | 552 |
| 28 | 59 | 80 | 101 | 161 | 264 | 551 | 551 |
| 29 | 58 | 79 | 100 | 159 | 263 | 550 | 550 |
| 30 | 57 | 78 | 99 | 158 | 262 | 549 | 549 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

79

92

115

183

297

584

1 452

2

76

89

111

179

293

581

1 150

3

79

93

115

177

292

579

925

4

79

94

116

177

289

577

758

5

78

94

119

178

287

575

631

6

78

95

121

181

286

573

573

7

77

95

121

182

284

571

571

8

76

95

120

180

283

570

570

9

75

95

119

178

282

569

569

10

72

92

116

175

279

566

566

11

71

91

114

173

276

564

564

12

70

91

113

172

275

563

563

13

70

91

112

171

275

562

562

14

69

91

112

171

274

562

562

15

69

90

111

171

274

561

561

16

69

90

111

170

273

561

561

17

68

90

111

170

273

560

560

18

68

89

110

169

273

560

560

19

67

88

109

169

272

559

559

20

67

88

109

168

271

559

559

21

66

87

108

167

271

558

558

22

65

86

107

167

270

557

557

23

64

85

107

166

269

556

556

24

63

85

106

165

268

555

555

25

62

84

105

164

267

554

554

26

61

82

104

163

266

553

553

27

60

81

102

162

265

552

552

28

59

80

101

161

264

551

551

29

58

79

100

159

263

550

550

30

57

78

99

158

262

549

549

2.5   Krona

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 11 | 23 | 46 | 114 | 228 | 515 | 1 244 |
| 2 | 12 | 25 | 48 | 116 | 230 | 517 | 1001 |
| 3 | 14 | 28 | 50 | 111 | 227 | 514 | 815 |
| 4 | 16 | 31 | 53 | 114 | 227 | 514 | 675 |
| 5 | 18 | 34 | 58 | 118 | 227 | 514 | 567 |
| 6 | 19 | 36 | 62 | 122 | 227 | 514 | 514 |
| 7 | 19 | 37 | 63 | 125 | 226 | 514 | 514 |
| 8 | 19 | 38 | 63 | 123 | 226 | 513 | 513 |
| 9 | 19 | 38 | 63 | 122 | 226 | 513 | 513 |
| 10 | 19 | 39 | 63 | 122 | 225 | 513 | 513 |
| 11 | 19 | 40 | 63 | 122 | 225 | 513 | 513 |
| 12 | 20 | 41 | 63 | 122 | 225 | 512 | 512 |
| 13 | 20 | 41 | 63 | 122 | 225 | 513 | 513 |
| 14 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 15 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 16 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 17 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 18 | 21 | 42 | 63 | 122 | 226 | 513 | 513 |
| 19 | 21 | 42 | 64 | 123 | 226 | 513 | 513 |
| 20 | 22 | 43 | 64 | 123 | 226 | 514 | 514 |
| 21 | 22 | 43 | 64 | 124 | 227 | 514 | 514 |
| 22 | 22 | 44 | 65 | 124 | 227 | 514 | 514 |
| 23 | 23 | 44 | 65 | 124 | 227 | 515 | 515 |
| 24 | 23 | 44 | 65 | 124 | 227 | 515 | 515 |
| 25 | 23 | 44 | 65 | 124 | 227 | 515 | 515 |
| 26 | 23 | 44 | 65 | 124 | 227 | 515 | 515 |
| 27 | 22 | 44 | 65 | 124 | 227 | 515 | 515 |
| 28 | 22 | 44 | 65 | 124 | 227 | 514 | 514 |
| 29 | 22 | 43 | 64 | 124 | 227 | 514 | 514 |
| 30 | 23 | 43 | 64 | 123 | 227 | 514 | 514 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

11

23

46

114

228

515

1 244

2

12

25

48

116

230

517

1001

3

14

28

50

111

227

514

815

4

16

31

53

114

227

514

675

5

18

34

58

118

227

514

567

6

19

36

62

122

227

514

514

7

19

37

63

125

226

514

514

8

19

38

63

123

226

513

513

9

19

38

63

122

226

513

513

10

19

39

63

122

225

513

513

11

19

40

63

122

225

513

513

12

20

41

63

122

225

512

512

13

20

41

63

122

225

513

513

14

21

42

63

122

225

513

513

15

21

42

63

122

225

513

513

16

21

42

63

122

225

513

513

17

21

42

63

122

225

513

513

18

21

42

63

122

226

513

513

19

21

42

64

123

226

513

513

20

22

43

64

123

226

514

514

21

22

43

64

124

227

514

514

22

22

44

65

124

227

514

514

23

23

44

65

124

227

515

515

24

23

44

65

124

227

515

515

25

23

44

65

124

227

515

515

26

23

44

65

124

227

515

515

27

22

44

65

124

227

515

515

28

22

44

65

124

227

514

514

29

22

43

64

124

227

514

514

30

23

43

64

123

227

514

514

2.6   Lev

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 5 | 18 | 41 | 109 | 223 | 510 | 1 241 |
| 2 | 5 | 18 | 41 | 109 | 223 | 510 | 999 |
| 3 | 7 | 21 | 43 | 104 | 220 | 507 | 814 |
| 4 | 8 | 23 | 45 | 106 | 219 | 506 | 674 |
| 5 | 9 | 25 | 50 | 110 | 219 | 506 | 566 |
| 6 | 10 | 27 | 54 | 114 | 219 | 506 | 506 |
| 7 | 12 | 30 | 56 | 117 | 219 | 506 | 506 |
| 8 | 12 | 30 | 56 | 116 | 219 | 506 | 506 |
| 9 | 12 | 31 | 55 | 115 | 219 | 506 | 506 |
| 10 | 12 | 32 | 56 | 115 | 219 | 506 | 506 |
| 11 | 13 | 33 | 56 | 115 | 219 | 506 | 506 |
| 12 | 13 | 34 | 56 | 115 | 219 | 506 | 506 |
| 13 | 14 | 35 | 56 | 115 | 218 | 506 | 506 |
| 14 | 14 | 35 | 56 | 115 | 218 | 506 | 506 |
| 15 | 14 | 35 | 56 | 115 | 218 | 506 | 506 |
| 16 | 14 | 35 | 56 | 115 | 218 | 506 | 506 |
| 17 | 14 | 35 | 56 | 115 | 218 | 506 | 506 |
| 18 | 14 | 35 | 56 | 115 | 218 | 506 | 506 |
| 19 | 15 | 35 | 56 | 115 | 218 | 506 | 506 |
| 20 | 16 | 35 | 56 | 115 | 218 | 506 | 506 |
| 21 | 16 | 35 | 56 | 115 | 219 | 506 | 506 |
| 22 | 18 | 35 | 56 | 115 | 219 | 506 | 506 |
| 23 | 18 | 35 | 56 | 115 | 219 | 506 | 506 |
| 24 | 19 | 35 | 56 | 115 | 219 | 506 | 506 |
| 25 | 19 | 35 | 56 | 115 | 219 | 506 | 506 |
| 26 | 20 | 35 | 56 | 115 | 219 | 506 | 506 |
| 27 | 21 | 35 | 56 | 115 | 219 | 506 | 506 |
| 28 | 21 | 35 | 56 | 115 | 219 | 506 | 506 |
| 29 | 22 | 35 | 56 | 115 | 219 | 506 | 506 |
| 30 | 23 | 35 | 56 | 115 | 219 | 506 | 506 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

5

18

41

109

223

510

1 241

2

5

18

41

109

223

510

999

3

7

21

43

104

220

507

814

4

8

23

45

106

219

506

674

5

9

25

50

110

219

506

566

6

10

27

54

114

219

506

506

7

12

30

56

117

219

506

506

8

12

30

56

116

219

506

506

9

12

31

55

115

219

506

506

10

12

32

56

115

219

506

506

11

13

33

56

115

219

506

506

12

13

34

56

115

219

506

506

13

14

35

56

115

218

506

506

14

14

35

56

115

218

506

506

15

14

35

56

115

218

506

506

16

14

35

56

115

218

506

506

17

14

35

56

115

218

506

506

18

14

35

56

115

218

506

506

19

15

35

56

115

218

506

506

20

16

35

56

115

218

506

506

21

16

35

56

115

219

506

506

22

18

35

56

115

219

506

506

23

18

35

56

115

219

506

506

24

19

35

56

115

219

506

506

25

19

35

56

115

219

506

506

26

20

35

56

115

219

506

506

27

21

35

56

115

219

506

506

28

21

35

56

115

219

506

506

29

22

35

56

115

219

506

506

30

23

35

56

115

219

506

506

2.7   Pound sterling

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 7 | 24 | 52 | 140 | 242 | 529 | 1 262 |
| 2 | 7 | 24 | 52 | 140 | 242 | 529 | 1 015 |
| 3 | 8 | 26 | 52 | 128 | 238 | 526 | 827 |
| 4 | 10 | 28 | 54 | 119 | 237 | 524 | 684 |
| 5 | 12 | 30 | 56 | 110 | 236 | 523 | 574 |
| 6 | 14 | 34 | 59 | 104 | 234 | 522 | 522 |
| 7 | 16 | 36 | 60 | 98 | 233 | 521 | 521 |
| 8 | 18 | 38 | 59 | 92 | 232 | 520 | 520 |
| 9 | 20 | 44 | 62 | 87 | 231 | 519 | 519 |
| 10 | 20 | 44 | 61 | 84 | 230 | 518 | 518 |
| 11 | 19 | 43 | 60 | 85 | 230 | 517 | 517 |
| 12 | 19 | 43 | 60 | 87 | 229 | 516 | 516 |
| 13 | 19 | 43 | 61 | 87 | 228 | 515 | 515 |
| 14 | 19 | 43 | 61 | 87 | 227 | 515 | 515 |
| 15 | 19 | 43 | 61 | 87 | 227 | 514 | 514 |
| 16 | 19 | 43 | 61 | 87 | 225 | 513 | 513 |
| 17 | 19 | 44 | 61 | 87 | 225 | 512 | 512 |
| 18 | 19 | 44 | 61 | 87 | 224 | 512 | 512 |
| 19 | 19 | 44 | 61 | 87 | 224 | 511 | 511 |
| 20 | 19 | 44 | 61 | 87 | 224 | 512 | 512 |
| 21 | 19 | 44 | 61 | 87 | 224 | 512 | 512 |
| 22 | 19 | 44 | 61 | 87 | 224 | 512 | 512 |
| 23 | 19 | 44 | 61 | 87 | 224 | 511 | 511 |
| 24 | 19 | 44 | 61 | 87 | 223 | 510 | 510 |
| 25 | 20 | 44 | 61 | 87 | 222 | 510 | 510 |
| 26 | 20 | 44 | 61 | 87 | 222 | 509 | 509 |
| 27 | 21 | 44 | 61 | 87 | 221 | 509 | 509 |
| 28 | 21 | 44 | 61 | 87 | 221 | 508 | 508 |
| 29 | 22 | 44 | 61 | 87 | 220 | 508 | 508 |
| 30 | 23 | 44 | 61 | 87 | 220 | 507 | 507 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

7

24

52

140

242

529

1 262

2

7

24

52

140

242

529

1 015

3

8

26

52

128

238

526

827

4

10

28

54

119

237

524

684

5

12

30

56

110

236

523

574

6

14

34

59

104

234

522

522

7

16

36

60

98

233

521

521

8

18

38

59

92

232

520

520

9

20

44

62

87

231

519

519

10

20

44

61

84

230

518

518

11

19

43

60

85

230

517

517

12

19

43

60

87

229

516

516

13

19

43

61

87

228

515

515

14

19

43

61

87

227

515

515

15

19

43

61

87

227

514

514

16

19

43

61

87

225

513

513

17

19

44

61

87

225

512

512

18

19

44

61

87

224

512

512

19

19

44

61

87

224

511

511

20

19

44

61

87

224

512

512

21

19

44

61

87

224

512

512

22

19

44

61

87

224

512

512

23

19

44

61

87

224

511

511

24

19

44

61

87

223

510

510

25

20

44

61

87

222

510

510

26

20

44

61

87

222

509

509

27

21

44

61

87

221

509

509

28

21

44

61

87

221

508

508

29

22

44

61

87

220

508

508

30

23

44

61

87

220

507

507

2.8   Romanian leu

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 84 | 97 | 120 | 188 | 302 | 589 | 1302 |
| 2 | 83 | 96 | 119 | 187 | 301 | 588 | 1 054 |
| 3 | 83 | 97 | 119 | 180 | 296 | 583 | 862 |
| 4 | 83 | 98 | 120 | 181 | 293 | 581 | 716 |
| 5 | 82 | 98 | 123 | 182 | 291 | 578 | 602 |
| 6 | 81 | 98 | 124 | 185 | 289 | 577 | 577 |
| 7 | 80 | 98 | 124 | 185 | 287 | 574 | 574 |
| 8 | 78 | 97 | 122 | 182 | 285 | 572 | 572 |
| 9 | 76 | 96 | 120 | 180 | 283 | 571 | 571 |
| 10 | 76 | 96 | 119 | 178 | 282 | 569 | 569 |
| 11 | 75 | 95 | 118 | 177 | 280 | 568 | 568 |
| 12 | 74 | 95 | 116 | 176 | 279 | 566 | 566 |
| 13 | 73 | 94 | 115 | 174 | 277 | 565 | 565 |
| 14 | 71 | 93 | 114 | 173 | 276 | 563 | 563 |
| 15 | 70 | 91 | 112 | 171 | 275 | 562 | 562 |
| 16 | 69 | 90 | 111 | 170 | 274 | 561 | 561 |
| 17 | 68 | 89 | 110 | 169 | 273 | 560 | 560 |
| 18 | 67 | 88 | 109 | 168 | 272 | 559 | 559 |
| 19 | 66 | 87 | 109 | 168 | 271 | 558 | 558 |
| 20 | 65 | 87 | 108 | 167 | 270 | 558 | 558 |
| 21 | 65 | 86 | 107 | 166 | 269 | 557 | 557 |
| 22 | 63 | 85 | 106 | 165 | 268 | 556 | 556 |
| 23 | 62 | 84 | 105 | 164 | 267 | 555 | 555 |
| 24 | 61 | 83 | 104 | 163 | 266 | 553 | 553 |
| 25 | 60 | 81 | 102 | 162 | 265 | 552 | 552 |
| 26 | 59 | 80 | 101 | 160 | 264 | 551 | 551 |
| 27 | 58 | 79 | 100 | 159 | 263 | 550 | 550 |
| 28 | 57 | 78 | 99 | 158 | 262 | 549 | 549 |
| 29 | 56 | 77 | 98 | 157 | 261 | 548 | 548 |
| 30 | 55 | 76 | 97 | 156 | 260 | 547 | 547 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

84

97

120

188

302

589

1302

2

83

96

119

187

301

588

1 054

3

83

97

119

180

296

583

862

4

83

98

120

181

293

581

716

5

82

98

123

182

291

578

602

6

81

98

124

185

289

577

577

7

80

98

124

185

287

574

574

8

78

97

122

182

285

572

572

9

76

96

120

180

283

571

571

10

76

96

119

178

282

569

569

11

75

95

118

177

280

568

568

12

74

95

116

176

279

566

566

13

73

94

115

174

277

565

565

14

71

93

114

173

276

563

563

15

70

91

112

171

275

562

562

16

69

90

111

170

274

561

561

17

68

89

110

169

273

560

560

18

67

88

109

168

272

559

559

19

66

87

109

168

271

558

558

20

65

87

108

167

270

558

558

21

65

86

107

166

269

557

557

22

63

85

106

165

268

556

556

23

62

84

105

164

267

555

555

24

61

83

104

163

266

553

553

25

60

81

102

162

265

552

552

26

59

80

101

160

264

551

551

27

58

79

100

159

263

550

550

28

57

78

99

158

262

549

549

29

56

77

98

157

261

548

548

30

55

76

97

156

260

547

547

2.9   Zloty

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 57 | 70 | 93 | 161 | 275 | 562 | 1 289 |
| 2 | 56 | 69 | 92 | 160 | 274 | 561 | 1 039 |
| 3 | 57 | 71 | 93 | 154 | 270 | 557 | 849 |
| 4 | 58 | 73 | 95 | 156 | 268 | 556 | 703 |
| 5 | 57 | 74 | 98 | 158 | 267 | 554 | 592 |
| 6 | 57 | 74 | 100 | 161 | 265 | 552 | 552 |
| 7 | 57 | 75 | 101 | 162 | 264 | 551 | 551 |
| 8 | 56 | 74 | 100 | 160 | 263 | 550 | 550 |
| 9 | 54 | 74 | 98 | 158 | 261 | 548 | 548 |
| 10 | 54 | 74 | 97 | 157 | 260 | 547 | 547 |
| 11 | 54 | 74 | 97 | 156 | 259 | 547 | 547 |
| 12 | 53 | 74 | 96 | 155 | 258 | 546 | 546 |
| 13 | 53 | 74 | 95 | 154 | 258 | 545 | 545 |
| 14 | 52 | 74 | 95 | 154 | 257 | 545 | 545 |
| 15 | 52 | 73 | 94 | 153 | 257 | 544 | 544 |
| 16 | 51 | 72 | 93 | 152 | 256 | 543 | 543 |
| 17 | 51 | 72 | 93 | 152 | 255 | 543 | 543 |
| 18 | 50 | 71 | 92 | 151 | 255 | 542 | 542 |
| 19 | 50 | 71 | 92 | 151 | 254 | 542 | 542 |
| 20 | 49 | 71 | 92 | 151 | 254 | 542 | 542 |
| 21 | 49 | 70 | 91 | 151 | 254 | 541 | 541 |
| 22 | 49 | 70 | 91 | 150 | 253 | 541 | 541 |
| 23 | 48 | 69 | 90 | 149 | 253 | 540 | 540 |
| 24 | 47 | 69 | 90 | 149 | 252 | 540 | 540 |
| 25 | 47 | 68 | 89 | 148 | 252 | 539 | 539 |
| 26 | 46 | 67 | 88 | 147 | 251 | 538 | 538 |
| 27 | 45 | 67 | 88 | 147 | 250 | 537 | 537 |
| 28 | 45 | 66 | 87 | 146 | 249 | 537 | 537 |
| 29 | 44 | 65 | 86 | 145 | 249 | 536 | 536 |
| 30 | 43 | 64 | 85 | 145 | 248 | 535 | 535 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

57

70

93

161

275

562

1 289

2

56

69

92

160

274

561

1 039

3

57

71

93

154

270

557

849

4

58

73

95

156

268

556

703

5

57

74

98

158

267

554

592

6

57

74

100

161

265

552

552

7

57

75

101

162

264

551

551

8

56

74

100

160

263

550

550

9

54

74

98

158

261

548

548

10

54

74

97

157

260

547

547

11

54

74

97

156

259

547

547

12

53

74

96

155

258

546

546

13

53

74

95

154

258

545

545

14

52

74

95

154

257

545

545

15

52

73

94

153

257

544

544

16

51

72

93

152

256

543

543

17

51

72

93

152

255

543

543

18

50

71

92

151

255

542

542

19

50

71

92

151

254

542

542

20

49

71

92

151

254

542

542

21

49

70

91

151

254

541

541

22

49

70

91

150

253

541

541

23

48

69

90

149

253

540

540

24

47

69

90

149

252

540

540

25

47

68

89

148

252

539

539

26

46

67

88

147

251

538

538

27

45

67

88

147

250

537

537

28

45

66

87

146

249

537

537

29

44

65

86

145

249

536

536

30

43

64

85

145

248

535

535

2.10   Króna

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 91 | 104 | 126 | 194 | 308 | 596 | 1 332 |
| 2 | 91 | 103 | 126 | 194 | 308 | 595 | 1 072 |
| 3 | 90 | 104 | 126 | 187 | 303 | 590 | 874 |
| 4 | 90 | 105 | 128 | 189 | 301 | 588 | 722 |
| 5 | 91 | 107 | 132 | 191 | 300 | 587 | 605 |
| 6 | 91 | 108 | 134 | 195 | 299 | 587 | 587 |
| 7 | 92 | 110 | 136 | 197 | 299 | 586 | 586 |
| 8 | 92 | 111 | 136 | 196 | 299 | 586 | 586 |
| 9 | 92 | 112 | 136 | 196 | 299 | 587 | 587 |
| 10 | 93 | 113 | 137 | 196 | 299 | 587 | 587 |
| 11 | 93 | 114 | 136 | 196 | 299 | 586 | 586 |
| 12 | 93 | 114 | 136 | 195 | 298 | 586 | 586 |
| 13 | 92 | 113 | 135 | 194 | 297 | 585 | 585 |
| 14 | 92 | 113 | 134 | 193 | 296 | 584 | 584 |
| 15 | 90 | 112 | 133 | 192 | 295 | 583 | 583 |
| 16 | 89 | 111 | 132 | 191 | 294 | 581 | 581 |
| 17 | 88 | 110 | 131 | 190 | 293 | 580 | 580 |
| 18 | 87 | 108 | 130 | 189 | 292 | 579 | 579 |
| 19 | 86 | 107 | 128 | 188 | 291 | 578 | 578 |
| 20 | 85 | 106 | 127 | 187 | 290 | 577 | 577 |
| 21 | 84 | 105 | 126 | 185 | 289 | 576 | 576 |
| 22 | 83 | 104 | 125 | 184 | 287 | 575 | 575 |
| 23 | 81 | 102 | 123 | 182 | 286 | 573 | 573 |
| 24 | 80 | 101 | 122 | 181 | 284 | 572 | 572 |
| 25 | 78 | 99 | 120 | 179 | 283 | 570 | 570 |
| 26 | 77 | 98 | 119 | 178 | 281 | 569 | 569 |
| 27 | 75 | 96 | 117 | 176 | 280 | 567 | 567 |
| 28 | 73 | 95 | 116 | 175 | 278 | 566 | 566 |
| 29 | 72 | 93 | 114 | 173 | 277 | 564 | 564 |
| 30 | 71 | 92 | 113 | 172 | 275 | 563 | 563 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

91

104

126

194

308

596

1 332

2

91

103

126

194

308

595

1 072

3

90

104

126

187

303

590

874

4

90

105

128

189

301

588

722

5

91

107

132

191

300

587

605

6

91

108

134

195

299

587

587

7

92

110

136

197

299

586

586

8

92

111

136

196

299

586

586

9

92

112

136

196

299

587

587

10

93

113

137

196

299

587

587

11

93

114

136

196

299

586

586

12

93

114

136

195

298

586

586

13

92

113

135

194

297

585

585

14

92

113

134

193

296

584

584

15

90

112

133

192

295

583

583

16

89

111

132

191

294

581

581

17

88

110

131

190

293

580

580

18

87

108

130

189

292

579

579

19

86

107

128

188

291

578

578

20

85

106

127

187

290

577

577

21

84

105

126

185

289

576

576

22

83

104

125

184

287

575

575

23

81

102

123

182

286

573

573

24

80

101

122

181

284

572

572

25

78

99

120

179

283

570

570

26

77

98

119

178

281

569

569

27

75

96

117

176

280

567

567

28

73

95

116

175

278

566

566

29

72

93

114

173

277

564

564

30

71

92

113

172

275

563

563

2.11   Norwegian krone

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 31 | 44 | 67 | 135 | 249 | 536 | 1 244 |
| 2 | 32 | 45 | 67 | 135 | 249 | 537 | 1002 |
| 3 | 32 | 46 | 68 | 129 | 245 | 532 | 817 |
| 4 | 33 | 48 | 70 | 131 | 243 | 531 | 676 |
| 5 | 33 | 49 | 74 | 134 | 242 | 530 | 568 |
| 6 | 34 | 51 | 77 | 137 | 242 | 529 | 529 |
| 7 | 34 | 52 | 78 | 139 | 241 | 528 | 528 |
| 8 | 33 | 52 | 77 | 137 | 240 | 527 | 527 |
| 9 | 33 | 52 | 76 | 136 | 239 | 527 | 527 |
| 10 | 33 | 53 | 76 | 135 | 239 | 526 | 526 |
| 11 | 32 | 53 | 76 | 135 | 238 | 525 | 525 |
| 12 | 32 | 53 | 75 | 134 | 237 | 525 | 525 |
| 13 | 32 | 53 | 74 | 133 | 237 | 524 | 524 |
| 14 | 31 | 53 | 74 | 133 | 236 | 524 | 524 |
| 15 | 31 | 52 | 73 | 132 | 236 | 523 | 523 |
| 16 | 30 | 52 | 73 | 132 | 235 | 522 | 522 |
| 17 | 30 | 51 | 72 | 131 | 235 | 522 | 522 |
| 18 | 30 | 51 | 72 | 131 | 235 | 522 | 522 |
| 19 | 30 | 51 | 72 | 131 | 234 | 522 | 522 |
| 20 | 30 | 51 | 72 | 131 | 235 | 522 | 522 |
| 21 | 30 | 51 | 72 | 131 | 235 | 522 | 522 |
| 22 | 30 | 51 | 72 | 131 | 234 | 522 | 522 |
| 23 | 30 | 51 | 72 | 131 | 234 | 522 | 522 |
| 24 | 29 | 51 | 72 | 131 | 234 | 521 | 521 |
| 25 | 29 | 50 | 71 | 130 | 234 | 521 | 521 |
| 26 | 29 | 50 | 71 | 130 | 234 | 521 | 521 |
| 27 | 29 | 50 | 71 | 130 | 233 | 521 | 521 |
| 28 | 28 | 49 | 70 | 130 | 233 | 520 | 520 |
| 29 | 28 | 49 | 70 | 129 | 233 | 520 | 520 |
| 30 | 28 | 49 | 70 | 129 | 232 | 520 | 520 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

31

44

67

135

249

536

1 244

2

32

45

67

135

249

537

1002

3

32

46

68

129

245

532

817

4

33

48

70

131

243

531

676

5

33

49

74

134

242

530

568

6

34

51

77

137

242

529

529

7

34

52

78

139

241

528

528

8

33

52

77

137

240

527

527

9

33

52

76

136

239

527

527

10

33

53

76

135

239

526

526

11

32

53

76

135

238

525

525

12

32

53

75

134

237

525

525

13

32

53

74

133

237

524

524

14

31

53

74

133

236

524

524

15

31

52

73

132

236

523

523

16

30

52

73

132

235

522

522

17

30

51

72

131

235

522

522

18

30

51

72

131

235

522

522

19

30

51

72

131

234

522

522

20

30

51

72

131

235

522

522

21

30

51

72

131

235

522

522

22

30

51

72

131

234

522

522

23

30

51

72

131

234

522

522

24

29

51

72

131

234

521

521

25

29

50

71

130

234

521

521

26

29

50

71

130

234

521

521

27

29

50

71

130

233

521

521

28

28

49

70

130

233

520

520

29

28

49

70

129

233

520

520

30

28

49

70

129

232

520

520

2.12   Swiss franc

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 4 | 24 | 92 | 206 | 493 | 1213 |
| 2 | 1 | 5 | 24 | 92 | 206 | 494 | 978 |
| 3 | 2 | 5 | 26 | 87 | 203 | 490 | 799 |
| 4 | 3 | 6 | 29 | 90 | 202 | 489 | 662 |
| 5 | 4 | 9 | 34 | 93 | 202 | 489 | 557 |
| 6 | 5 | 11 | 37 | 98 | 202 | 489 | 489 |
| 7 | 5 | 13 | 39 | 100 | 202 | 489 | 489 |
| 8 | 7 | 14 | 39 | 99 | 202 | 489 | 489 |
| 9 | 7 | 15 | 39 | 99 | 202 | 489 | 489 |
| 10 | 8 | 16 | 39 | 99 | 202 | 489 | 489 |
| 11 | 9 | 18 | 40 | 100 | 203 | 490 | 490 |
| 12 | 9 | 17 | 39 | 98 | 202 | 489 | 489 |
| 13 | 10 | 19 | 40 | 99 | 203 | 490 | 490 |
| 14 | 12 | 19 | 40 | 99 | 202 | 490 | 490 |
| 15 | 12 | 18 | 39 | 98 | 201 | 489 | 489 |
| 16 | 13 | 17 | 38 | 97 | 200 | 488 | 488 |
| 17 | 14 | 17 | 38 | 97 | 200 | 488 | 488 |
| 18 | 14 | 17 | 38 | 97 | 201 | 488 | 488 |
| 19 | 15 | 18 | 38 | 98 | 201 | 488 | 488 |
| 20 | 15 | 18 | 39 | 98 | 201 | 489 | 489 |
| 21 | 16 | 19 | 39 | 98 | 202 | 489 | 489 |
| 22 | 18 | 19 | 39 | 98 | 202 | 489 | 489 |
| 23 | 18 | 21 | 39 | 98 | 202 | 489 | 489 |
| 24 | 19 | 21 | 39 | 98 | 201 | 489 | 489 |
| 25 | 19 | 22 | 39 | 98 | 201 | 489 | 489 |
| 26 | 20 | 22 | 39 | 98 | 201 | 489 | 489 |
| 27 | 20 | 23 | 39 | 98 | 201 | 488 | 488 |
| 28 | 21 | 24 | 40 | 98 | 201 | 488 | 488 |
| 29 | 22 | 24 | 41 | 98 | 201 | 488 | 488 |
| 30 | 22 | 26 | 42 | 97 | 201 | 488 | 488 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

4

24

92

206

493

1213

2

1

5

24

92

206

494

978

3

2

5

26

87

203

490

799

4

3

6

29

90

202

489

662

5

4

9

34

93

202

489

557

6

5

11

37

98

202

489

489

7

5

13

39

100

202

489

489

8

7

14

39

99

202

489

489

9

7

15

39

99

202

489

489

10

8

16

39

99

202

489

489

11

9

18

40

100

203

490

490

12

9

17

39

98

202

489

489

13

10

19

40

99

203

490

490

14

12

19

40

99

202

490

490

15

12

18

39

98

201

489

489

16

13

17

38

97

200

488

488

17

14

17

38

97

200

488

488

18

14

17

38

97

201

488

488

19

15

18

38

98

201

488

488

20

15

18

39

98

201

489

489

21

16

19

39

98

202

489

489

22

18

19

39

98

202

489

489

23

18

21

39

98

202

489

489

24

19

21

39

98

201

489

489

25

19

22

39

98

201

489

489

26

20

22

39

98

201

489

489

27

20

23

39

98

201

488

488

28

21

24

40

98

201

488

488

29

22

24

41

98

201

488

488

30

22

26

42

97

201

488

488

2.13   Australian dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 44 | 57 | 80 | 148 | 262 | 549 | 1 245 |
| 2 | 44 | 57 | 80 | 148 | 262 | 549 | 1003 |
| 3 | 45 | 59 | 81 | 142 | 258 | 545 | 818 |
| 4 | 46 | 61 | 83 | 144 | 257 | 544 | 678 |
| 5 | 47 | 63 | 88 | 147 | 256 | 543 | 570 |
| 6 | 47 | 64 | 90 | 151 | 255 | 542 | 542 |
| 7 | 47 | 65 | 91 | 152 | 254 | 542 | 542 |
| 8 | 46 | 65 | 90 | 150 | 253 | 541 | 541 |
| 9 | 46 | 65 | 89 | 149 | 252 | 540 | 540 |
| 10 | 45 | 65 | 89 | 148 | 252 | 539 | 539 |
| 11 | 45 | 66 | 89 | 148 | 251 | 538 | 538 |
| 12 | 45 | 66 | 88 | 147 | 250 | 538 | 538 |
| 13 | 45 | 66 | 87 | 146 | 250 | 537 | 537 |
| 14 | 44 | 66 | 87 | 146 | 249 | 536 | 536 |
| 15 | 44 | 65 | 86 | 145 | 249 | 536 | 536 |
| 16 | 43 | 64 | 85 | 144 | 248 | 535 | 535 |
| 17 | 43 | 64 | 85 | 144 | 247 | 535 | 535 |
| 18 | 42 | 63 | 84 | 144 | 247 | 534 | 534 |
| 19 | 42 | 63 | 84 | 143 | 246 | 534 | 534 |
| 20 | 42 | 63 | 84 | 143 | 246 | 534 | 534 |
| 21 | 41 | 62 | 84 | 143 | 246 | 533 | 533 |
| 22 | 41 | 62 | 83 | 142 | 246 | 533 | 533 |
| 23 | 40 | 61 | 83 | 142 | 245 | 532 | 532 |
| 24 | 40 | 61 | 82 | 141 | 244 | 532 | 532 |
| 25 | 39 | 60 | 81 | 140 | 244 | 531 | 531 |
| 26 | 38 | 59 | 80 | 140 | 243 | 530 | 530 |
| 27 | 37 | 59 | 80 | 139 | 242 | 529 | 529 |
| 28 | 37 | 58 | 79 | 138 | 241 | 529 | 529 |
| 29 | 36 | 57 | 78 | 137 | 241 | 528 | 528 |
| 30 | 35 | 56 | 77 | 137 | 240 | 527 | 527 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

44

57

80

148

262

549

1 245

2

44

57

80

148

262

549

1003

3

45

59

81

142

258

545

818

4

46

61

83

144

257

544

678

5

47

63

88

147

256

543

570

6

47

64

90

151

255

542

542

7

47

65

91

152

254

542

542

8

46

65

90

150

253

541

541

9

46

65

89

149

252

540

540

10

45

65

89

148

252

539

539

11

45

66

89

148

251

538

538

12

45

66

88

147

250

538

538

13

45

66

87

146

250

537

537

14

44

66

87

146

249

536

536

15

44

65

86

145

249

536

536

16

43

64

85

144

248

535

535

17

43

64

85

144

247

535

535

18

42

63

84

144

247

534

534

19

42

63

84

143

246

534

534

20

42

63

84

143

246

534

534

21

41

62

84

143

246

533

533

22

41

62

83

142

246

533

533

23

40

61

83

142

245

532

532

24

40

61

82

141

244

532

532

25

39

60

81

140

244

531

531

26

38

59

80

140

243

530

530

27

37

59

80

139

242

529

529

28

37

58

79

138

241

529

529

29

36

57

78

137

241

528

528

30

35

56

77

137

240

527

527

2.14   Baht

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 17 | 30 | 52 | 120 | 234 | 522 | 1212 |
| 2 | 20 | 33 | 56 | 124 | 238 | 525 | 977 |
| 3 | 24 | 38 | 60 | 122 | 237 | 525 | 798 |
| 4 | 28 | 43 | 65 | 126 | 239 | 526 | 661 |
| 5 | 31 | 47 | 72 | 131 | 240 | 527 | 557 |
| 6 | 30 | 47 | 73 | 134 | 238 | 526 | 526 |
| 7 | 35 | 53 | 79 | 140 | 242 | 529 | 529 |
| 8 | 34 | 52 | 78 | 138 | 241 | 528 | 528 |
| 9 | 35 | 54 | 78 | 138 | 241 | 529 | 529 |
| 10 | 36 | 56 | 80 | 139 | 243 | 530 | 530 |
| 11 | 38 | 58 | 81 | 140 | 244 | 531 | 531 |
| 12 | 39 | 60 | 82 | 141 | 244 | 532 | 532 |
| 13 | 40 | 61 | 82 | 141 | 245 | 532 | 532 |
| 14 | 40 | 61 | 83 | 142 | 245 | 532 | 532 |
| 15 | 40 | 62 | 83 | 142 | 245 | 533 | 533 |
| 16 | 40 | 61 | 82 | 141 | 245 | 532 | 532 |
| 17 | 40 | 61 | 83 | 142 | 245 | 532 | 532 |
| 18 | 40 | 61 | 82 | 141 | 244 | 532 | 532 |
| 19 | 40 | 61 | 82 | 141 | 244 | 532 | 532 |
| 20 | 40 | 61 | 82 | 141 | 244 | 532 | 532 |
| 21 | 40 | 61 | 82 | 141 | 244 | 532 | 532 |
| 22 | 39 | 61 | 82 | 141 | 244 | 531 | 531 |
| 23 | 39 | 60 | 81 | 140 | 244 | 531 | 531 |
| 24 | 39 | 60 | 81 | 140 | 243 | 531 | 531 |
| 25 | 38 | 59 | 80 | 140 | 243 | 530 | 530 |
| 26 | 38 | 59 | 80 | 139 | 242 | 530 | 530 |
| 27 | 37 | 58 | 79 | 139 | 242 | 529 | 529 |
| 28 | 37 | 58 | 79 | 138 | 241 | 529 | 529 |
| 29 | 36 | 57 | 78 | 138 | 241 | 528 | 528 |
| 30 | 36 | 57 | 78 | 137 | 240 | 528 | 528 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

17

30

52

120

234

522

1212

2

20

33

56

124

238

525

977

3

24

38

60

122

237

525

798

4

28

43

65

126

239

526

661

5

31

47

72

131

240

527

557

6

30

47

73

134

238

526

526

7

35

53

79

140

242

529

529

8

34

52

78

138

241

528

528

9

35

54

78

138

241

529

529

10

36

56

80

139

243

530

530

11

38

58

81

140

244

531

531

12

39

60

82

141

244

532

532

13

40

61

82

141

245

532

532

14

40

61

83

142

245

532

532

15

40

62

83

142

245

533

533

16

40

61

82

141

245

532

532

17

40

61

83

142

245

532

532

18

40

61

82

141

244

532

532

19

40

61

82

141

244

532

532

20

40

61

82

141

244

532

532

21

40

61

82

141

244

532

532

22

39

61

82

141

244

531

531

23

39

60

81

140

244

531

531

24

39

60

81

140

243

531

531

25

38

59

80

140

243

530

530

26

38

59

80

139

242

530

530

27

37

58

79

139

242

529

529

28

37

58

79

138

241

529

529

29

36

57

78

138

241

528

528

30

36

57

78

137

240

528

528

2.15   Canadian dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 18 | 31 | 54 | 122 | 236 | 523 | 1 257 |
| 2 | 19 | 32 | 55 | 123 | 237 | 524 | 1 010 |
| 3 | 21 | 35 | 57 | 118 | 234 | 521 | 821 |
| 4 | 23 | 38 | 60 | 121 | 233 | 521 | 678 |
| 5 | 24 | 40 | 65 | 124 | 233 | 521 | 569 |
| 6 | 25 | 42 | 68 | 129 | 233 | 521 | 521 |
| 7 | 26 | 44 | 70 | 131 | 233 | 521 | 521 |
| 8 | 26 | 45 | 70 | 130 | 233 | 520 | 520 |
| 9 | 26 | 46 | 70 | 130 | 233 | 520 | 520 |
| 10 | 27 | 47 | 70 | 130 | 233 | 521 | 521 |
| 11 | 28 | 48 | 71 | 130 | 233 | 521 | 521 |
| 12 | 28 | 49 | 71 | 130 | 233 | 521 | 521 |
| 13 | 28 | 50 | 71 | 130 | 233 | 521 | 521 |
| 14 | 29 | 50 | 71 | 130 | 233 | 521 | 521 |
| 15 | 29 | 50 | 71 | 130 | 233 | 521 | 521 |
| 16 | 28 | 50 | 71 | 130 | 233 | 521 | 521 |
| 17 | 29 | 50 | 71 | 130 | 233 | 521 | 521 |
| 18 | 28 | 50 | 71 | 130 | 233 | 521 | 521 |
| 19 | 28 | 50 | 71 | 130 | 233 | 521 | 521 |
| 20 | 29 | 50 | 71 | 130 | 233 | 521 | 521 |
| 21 | 28 | 50 | 71 | 130 | 233 | 521 | 521 |
| 22 | 28 | 49 | 70 | 130 | 233 | 520 | 520 |
| 23 | 28 | 49 | 70 | 129 | 232 | 520 | 520 |
| 24 | 27 | 49 | 70 | 129 | 232 | 519 | 519 |
| 25 | 27 | 48 | 69 | 128 | 232 | 519 | 519 |
| 26 | 26 | 48 | 69 | 128 | 231 | 518 | 518 |
| 27 | 26 | 47 | 68 | 127 | 231 | 518 | 518 |
| 28 | 26 | 47 | 68 | 127 | 230 | 518 | 518 |
| 29 | 25 | 46 | 67 | 126 | 230 | 517 | 517 |
| 30 | 25 | 46 | 67 | 126 | 229 | 517 | 517 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

18

31

54

122

236

523

1 257

2

19

32

55

123

237

524

1 010

3

21

35

57

118

234

521

821

4

23

38

60

121

233

521

678

5

24

40

65

124

233

521

569

6

25

42

68

129

233

521

521

7

26

44

70

131

233

521

521

8

26

45

70

130

233

520

520

9

26

46

70

130

233

520

520

10

27

47

70

130

233

521

521

11

28

48

71

130

233

521

521

12

28

49

71

130

233

521

521

13

28

50

71

130

233

521

521

14

29

50

71

130

233

521

521

15

29

50

71

130

233

521

521

16

28

50

71

130

233

521

521

17

29

50

71

130

233

521

521

18

28

50

71

130

233

521

521

19

28

50

71

130

233

521

521

20

29

50

71

130

233

521

521

21

28

50

71

130

233

521

521

22

28

49

70

130

233

520

520

23

28

49

70

129

232

520

520

24

27

49

70

129

232

519

519

25

27

48

69

128

232

519

519

26

26

48

69

128

231

518

518

27

26

47

68

127

231

518

518

28

26

47

68

127

230

518

518

29

25

46

67

126

230

517

517

30

25

46

67

126

229

517

517

2.16   Chilean peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 53 | 66 | 89 | 156 | 270 | 558 | 1 319 |
| 2 | 55 | 68 | 90 | 158 | 272 | 560 | 1 054 |
| 3 | 58 | 72 | 94 | 156 | 271 | 559 | 856 |
| 4 | 61 | 76 | 98 | 159 | 271 | 559 | 707 |
| 5 | 63 | 79 | 104 | 163 | 272 | 559 | 593 |
| 6 | 64 | 81 | 108 | 168 | 272 | 560 | 560 |
| 7 | 65 | 83 | 109 | 170 | 272 | 560 | 560 |
| 8 | 65 | 84 | 109 | 169 | 272 | 559 | 559 |
| 9 | 65 | 85 | 109 | 169 | 272 | 559 | 559 |
| 10 | 66 | 86 | 109 | 169 | 272 | 559 | 559 |
| 11 | 66 | 87 | 109 | 168 | 272 | 559 | 559 |
| 12 | 66 | 87 | 109 | 168 | 271 | 559 | 559 |
| 13 | 66 | 87 | 108 | 167 | 270 | 558 | 558 |
| 14 | 65 | 86 | 107 | 166 | 270 | 557 | 557 |
| 15 | 64 | 85 | 107 | 166 | 269 | 556 | 556 |
| 16 | 64 | 85 | 106 | 165 | 268 | 556 | 556 |
| 17 | 63 | 84 | 105 | 164 | 268 | 555 | 555 |
| 18 | 62 | 84 | 105 | 164 | 267 | 554 | 554 |
| 19 | 62 | 83 | 104 | 163 | 266 | 554 | 554 |
| 20 | 61 | 82 | 103 | 163 | 266 | 553 | 553 |
| 21 | 60 | 82 | 103 | 162 | 265 | 553 | 553 |
| 22 | 60 | 81 | 102 | 161 | 264 | 552 | 552 |
| 23 | 59 | 80 | 101 | 160 | 264 | 551 | 551 |
| 24 | 58 | 79 | 100 | 159 | 263 | 550 | 550 |
| 25 | 57 | 78 | 99 | 158 | 262 | 549 | 549 |
| 26 | 56 | 77 | 98 | 157 | 261 | 548 | 548 |
| 27 | 55 | 76 | 97 | 156 | 260 | 547 | 547 |
| 28 | 54 | 75 | 96 | 156 | 259 | 546 | 546 |
| 29 | 53 | 74 | 95 | 155 | 258 | 545 | 545 |
| 30 | 52 | 74 | 95 | 154 | 257 | 544 | 544 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

53

66

89

156

270

558

1 319

2

55

68

90

158

272

560

1 054

3

58

72

94

156

271

559

856

4

61

76

98

159

271

559

707

5

63

79

104

163

272

559

593

6

64

81

108

168

272

560

560

7

65

83

109

170

272

560

560

8

65

84

109

169

272

559

559

9

65

85

109

169

272

559

559

10

66

86

109

169

272

559

559

11

66

87

109

168

272

559

559

12

66

87

109

168

271

559

559

13

66

87

108

167

270

558

558

14

65

86

107

166

270

557

557

15

64

85

107

166

269

556

556

16

64

85

106

165

268

556

556

17

63

84

105

164

268

555

555

18

62

84

105

164

267

554

554

19

62

83

104

163

266

554

554

20

61

82

103

163

266

553

553

21

60

82

103

162

265

553

553

22

60

81

102

161

264

552

552

23

59

80

101

160

264

551

551

24

58

79

100

159

263

550

550

25

57

78

99

158

262

549

549

26

56

77

98

157

261

548

548

27

55

76

97

156

260

547

547

28

54

75

96

156

259

546

546

29

53

74

95

155

258

545

545

30

52

74

95

154

257

544

544

2.17   Colombian peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 84 | 96 | 119 | 187 | 301 | 588 | 1 374 |
| 2 | 88 | 101 | 124 | 192 | 306 | 593 | 1 113 |
| 3 | 91 | 105 | 127 | 188 | 304 | 591 | 912 |
| 4 | 93 | 108 | 130 | 191 | 303 | 591 | 757 |
| 5 | 96 | 112 | 137 | 196 | 305 | 593 | 638 |
| 6 | 98 | 115 | 142 | 202 | 306 | 594 | 594 |
| 7 | 100 | 118 | 144 | 205 | 307 | 595 | 595 |
| 8 | 101 | 120 | 145 | 206 | 308 | 596 | 596 |
| 9 | 102 | 122 | 146 | 206 | 309 | 597 | 597 |
| 10 | 103 | 123 | 147 | 206 | 309 | 597 | 597 |
| 11 | 103 | 124 | 147 | 206 | 309 | 597 | 597 |
| 12 | 103 | 124 | 146 | 205 | 308 | 596 | 596 |
| 13 | 102 | 123 | 145 | 204 | 307 | 595 | 595 |
| 14 | 101 | 122 | 143 | 203 | 306 | 593 | 593 |
| 15 | 100 | 121 | 142 | 201 | 304 | 592 | 592 |
| 16 | 98 | 120 | 141 | 200 | 303 | 591 | 591 |
| 17 | 97 | 118 | 139 | 198 | 302 | 589 | 589 |
| 18 | 96 | 117 | 138 | 197 | 300 | 588 | 588 |
| 19 | 94 | 116 | 137 | 196 | 299 | 586 | 586 |
| 20 | 93 | 114 | 135 | 194 | 298 | 585 | 585 |
| 21 | 91 | 113 | 134 | 193 | 296 | 584 | 584 |
| 22 | 90 | 111 | 132 | 191 | 295 | 582 | 582 |
| 23 | 88 | 109 | 130 | 190 | 293 | 580 | 580 |
| 24 | 87 | 108 | 129 | 188 | 291 | 579 | 579 |
| 25 | 85 | 106 | 127 | 186 | 290 | 577 | 577 |
| 26 | 83 | 104 | 125 | 184 | 288 | 575 | 575 |
| 27 | 81 | 103 | 124 | 183 | 286 | 573 | 573 |
| 28 | 80 | 101 | 122 | 181 | 284 | 572 | 572 |
| 29 | 78 | 99 | 120 | 179 | 283 | 570 | 570 |
| 30 | 77 | 98 | 119 | 178 | 281 | 569 | 569 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

84

96

119

187

301

588

1 374

2

88

101

124

192

306

593

1 113

3

91

105

127

188

304

591

912

4

93

108

130

191

303

591

757

5

96

112

137

196

305

593

638

6

98

115

142

202

306

594

594

7

100

118

144

205

307

595

595

8

101

120

145

206

308

596

596

9

102

122

146

206

309

597

597

10

103

123

147

206

309

597

597

11

103

124

147

206

309

597

597

12

103

124

146

205

308

596

596

13

102

123

145

204

307

595

595

14

101

122

143

203

306

593

593

15

100

121

142

201

304

592

592

16

98

120

141

200

303

591

591

17

97

118

139

198

302

589

589

18

96

117

138

197

300

588

588

19

94

116

137

196

299

586

586

20

93

114

135

194

298

585

585

21

91

113

134

193

296

584

584

22

90

111

132

191

295

582

582

23

88

109

130

190

293

580

580

24

87

108

129

188

291

579

579

25

85

106

127

186

290

577

577

26

83

104

125

184

288

575

575

27

81

103

124

183

286

573

573

28

80

101

122

181

284

572

572

29

78

99

120

179

283

570

570

30

77

98

119

178

281

569

569

2.18   Hong Kong dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 12 | 25 | 48 | 116 | 230 | 517 | 1 253 |
| 2 | 15 | 28 | 51 | 119 | 233 | 520 | 1006 |
| 3 | 18 | 32 | 54 | 115 | 231 | 518 | 821 |
| 4 | 21 | 36 | 58 | 119 | 232 | 519 | 680 |
| 5 | 23 | 39 | 64 | 123 | 232 | 520 | 571 |
| 6 | 25 | 42 | 68 | 129 | 233 | 520 | 520 |
| 7 | 26 | 44 | 70 | 131 | 233 | 520 | 520 |
| 8 | 26 | 45 | 70 | 130 | 233 | 520 | 520 |
| 9 | 26 | 46 | 70 | 130 | 233 | 520 | 520 |
| 10 | 27 | 47 | 70 | 129 | 233 | 520 | 520 |
| 11 | 27 | 48 | 70 | 129 | 233 | 520 | 520 |
| 12 | 27 | 48 | 70 | 129 | 233 | 520 | 520 |
| 13 | 27 | 48 | 70 | 129 | 232 | 519 | 519 |
| 14 | 27 | 48 | 69 | 128 | 231 | 519 | 519 |
| 15 | 26 | 47 | 68 | 127 | 231 | 518 | 518 |
| 16 | 25 | 47 | 68 | 127 | 230 | 517 | 517 |
| 17 | 25 | 46 | 67 | 127 | 230 | 517 | 517 |
| 18 | 25 | 46 | 67 | 126 | 230 | 517 | 517 |
| 19 | 25 | 46 | 67 | 126 | 230 | 517 | 517 |
| 20 | 25 | 46 | 67 | 126 | 230 | 517 | 517 |
| 21 | 25 | 46 | 67 | 127 | 230 | 517 | 517 |
| 22 | 25 | 46 | 67 | 127 | 230 | 517 | 517 |
| 23 | 25 | 46 | 67 | 126 | 230 | 517 | 517 |
| 24 | 25 | 46 | 67 | 126 | 230 | 517 | 517 |
| 25 | 25 | 46 | 67 | 126 | 230 | 517 | 517 |
| 26 | 25 | 46 | 67 | 126 | 229 | 517 | 517 |
| 27 | 24 | 46 | 67 | 126 | 229 | 516 | 516 |
| 28 | 24 | 45 | 66 | 126 | 229 | 516 | 516 |
| 29 | 24 | 45 | 66 | 125 | 229 | 516 | 516 |
| 30 | 24 | 45 | 66 | 125 | 228 | 516 | 516 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

12

25

48

116

230

517

1 253

2

15

28

51

119

233

520

1006

3

18

32

54

115

231

518

821

4

21

36

58

119

232

519

680

5

23

39

64

123

232

520

571

6

25

42

68

129

233

520

520

7

26

44

70

131

233

520

520

8

26

45

70

130

233

520

520

9

26

46

70

130

233

520

520

10

27

47

70

129

233

520

520

11

27

48

70

129

233

520

520

12

27

48

70

129

233

520

520

13

27

48

70

129

232

519

519

14

27

48

69

128

231

519

519

15

26

47

68

127

231

518

518

16

25

47

68

127

230

517

517

17

25

46

67

127

230

517

517

18

25

46

67

126

230

517

517

19

25

46

67

126

230

517

517

20

25

46

67

126

230

517

517

21

25

46

67

127

230

517

517

22

25

46

67

127

230

517

517

23

25

46

67

126

230

517

517

24

25

46

67

126

230

517

517

25

25

46

67

126

230

517

517

26

25

46

67

126

229

517

517

27

24

46

67

126

229

516

516

28

24

45

66

126

229

516

516

29

24

45

66

125

229

516

516

30

24

45

66

125

228

516

516

2.19   Indian rupee

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 94 | 107 | 130 | 198 | 312 | 599 | 1 311 |
| 2 | 95 | 108 | 131 | 199 | 313 | 600 | 1 058 |
| 3 | 97 | 111 | 133 | 194 | 310 | 597 | 865 |
| 4 | 99 | 114 | 136 | 197 | 310 | 597 | 717 |
| 5 | 100 | 116 | 141 | 201 | 310 | 597 | 603 |
| 6 | 101 | 118 | 144 | 205 | 309 | 597 | 597 |
| 7 | 102 | 120 | 146 | 207 | 309 | 596 | 596 |
| 8 | 102 | 121 | 146 | 206 | 309 | 596 | 596 |
| 9 | 101 | 121 | 145 | 205 | 308 | 595 | 595 |
| 10 | 101 | 121 | 144 | 203 | 307 | 594 | 594 |
| 11 | 100 | 120 | 143 | 202 | 305 | 593 | 593 |
| 12 | 98 | 119 | 141 | 200 | 304 | 591 | 591 |
| 13 | 97 | 118 | 139 | 199 | 302 | 589 | 589 |
| 14 | 95 | 117 | 138 | 197 | 300 | 587 | 587 |
| 15 | 94 | 115 | 136 | 195 | 298 | 586 | 586 |
| 16 | 92 | 113 | 134 | 193 | 297 | 584 | 584 |
| 17 | 90 | 112 | 133 | 192 | 295 | 583 | 583 |
| 18 | 89 | 110 | 131 | 190 | 294 | 581 | 581 |
| 19 | 88 | 109 | 130 | 189 | 293 | 580 | 580 |
| 20 | 87 | 108 | 129 | 188 | 292 | 579 | 579 |
| 21 | 86 | 107 | 128 | 187 | 290 | 578 | 578 |
| 22 | 85 | 106 | 127 | 186 | 289 | 577 | 577 |
| 23 | 83 | 105 | 126 | 185 | 288 | 575 | 575 |
| 24 | 82 | 103 | 124 | 184 | 287 | 574 | 574 |
| 25 | 81 | 102 | 123 | 182 | 286 | 573 | 573 |
| 26 | 80 | 101 | 122 | 181 | 284 | 572 | 572 |
| 27 | 79 | 100 | 121 | 180 | 283 | 571 | 571 |
| 28 | 77 | 99 | 120 | 179 | 282 | 569 | 569 |
| 29 | 76 | 97 | 118 | 178 | 281 | 568 | 568 |
| 30 | 75 | 96 | 117 | 176 | 280 | 567 | 567 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

94

107

130

198

312

599

1 311

2

95

108

131

199

313

600

1 058

3

97

111

133

194

310

597

865

4

99

114

136

197

310

597

717

5

100

116

141

201

310

597

603

6

101

118

144

205

309

597

597

7

102

120

146

207

309

596

596

8

102

121

146

206

309

596

596

9

101

121

145

205

308

595

595

10

101

121

144

203

307

594

594

11

100

120

143

202

305

593

593

12

98

119

141

200

304

591

591

13

97

118

139

199

302

589

589

14

95

117

138

197

300

587

587

15

94

115

136

195

298

586

586

16

92

113

134

193

297

584

584

17

90

112

133

192

295

583

583

18

89

110

131

190

294

581

581

19

88

109

130

189

293

580

580

20

87

108

129

188

292

579

579

21

86

107

128

187

290

578

578

22

85

106

127

186

289

577

577

23

83

105

126

185

288

575

575

24

82

103

124

184

287

574

574

25

81

102

123

182

286

573

573

26

80

101

122

181

284

572

572

27

79

100

121

180

283

571

571

28

77

99

120

179

282

569

569

29

76

97

118

178

281

568

568

30

75

96

117

176

280

567

567

2.20   Mexican peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 308 | 321 | 344 | 412 | 526 | 813 | 1 402 |
| 2 | 88 | 100 | 123 | 191 | 305 | 592 | 1 113 |
| 3 | 91 | 105 | 127 | 188 | 304 | 591 | 900 |
| 4 | 94 | 109 | 131 | 192 | 305 | 592 | 741 |
| 5 | 96 | 112 | 137 | 196 | 305 | 593 | 622 |
| 6 | 98 | 115 | 141 | 202 | 306 | 593 | 593 |
| 7 | 99 | 117 | 143 | 205 | 306 | 594 | 594 |
| 8 | 100 | 119 | 144 | 204 | 307 | 594 | 594 |
| 9 | 101 | 120 | 144 | 204 | 307 | 595 | 595 |
| 10 | 101 | 121 | 144 | 204 | 307 | 594 | 594 |
| 11 | 101 | 122 | 145 | 204 | 307 | 594 | 594 |
| 12 | 102 | 123 | 145 | 204 | 307 | 594 | 594 |
| 13 | 103 | 124 | 145 | 204 | 307 | 595 | 595 |
| 14 | 103 | 124 | 145 | 205 | 308 | 595 | 595 |
| 15 | 104 | 125 | 146 | 205 | 309 | 596 | 596 |
| 16 | 105 | 126 | 147 | 206 | 309 | 597 | 597 |
| 17 | 106 | 127 | 148 | 207 | 310 | 598 | 598 |
| 18 | 106 | 128 | 149 | 208 | 311 | 599 | 599 |
| 19 | 107 | 128 | 149 | 209 | 312 | 599 | 599 |
| 20 | 108 | 129 | 150 | 209 | 312 | 600 | 600 |
| 21 | 108 | 129 | 150 | 209 | 312 | 600 | 600 |
| 22 | 107 | 128 | 149 | 208 | 312 | 599 | 599 |
| 23 | 106 | 128 | 149 | 208 | 311 | 598 | 598 |
| 24 | 105 | 127 | 148 | 207 | 310 | 597 | 597 |
| 25 | 104 | 125 | 146 | 206 | 309 | 596 | 596 |
| 26 | 103 | 124 | 145 | 204 | 308 | 595 | 595 |
| 27 | 102 | 123 | 144 | 203 | 306 | 594 | 594 |
| 28 | 100 | 121 | 142 | 202 | 305 | 592 | 592 |
| 29 | 99 | 120 | 141 | 200 | 303 | 591 | 591 |
| 30 | 97 | 118 | 139 | 199 | 302 | 589 | 589 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

308

321

344

412

526

813

1 402

2

88

100

123

191

305

592

1 113

3

91

105

127

188

304

591

900

4

94

109

131

192

305

592

741

5

96

112

137

196

305

593

622

6

98

115

141

202

306

593

593

7

99

117

143

205

306

594

594

8

100

119

144

204

307

594

594

9

101

120

144

204

307

595

595

10

101

121

144

204

307

594

594

11

101

122

145

204

307

594

594

12

102

123

145

204

307

594

594

13

103

124

145

204

307

595

595

14

103

124

145

205

308

595

595

15

104

125

146

205

309

596

596

16

105

126

147

206

309

597

597

17

106

127

148

207

310

598

598

18

106

128

149

208

311

599

599

19

107

128

149

209

312

599

599

20

108

129

150

209

312

600

600

21

108

129

150

209

312

600

600

22

107

128

149

208

312

599

599

23

106

128

149

208

311

598

598

24

105

127

148

207

310

597

597

25

104

125

146

206

309

596

596

26

103

124

145

204

308

595

595

27

102

123

144

203

306

594

594

28

100

121

142

202

305

592

592

29

99

120

141

200

303

591

591

30

97

118

139

199

302

589

589

2.21   New Taiwan dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 12 | 34 | 102 | 216 | 504 | 1 196 |
| 2 | 1 | 11 | 34 | 102 | 216 | 503 | 964 |
| 3 | 2 | 13 | 35 | 97 | 213 | 500 | 787 |
| 4 | 3 | 15 | 38 | 99 | 211 | 498 | 653 |
| 5 | 4 | 17 | 42 | 101 | 210 | 497 | 549 |
| 6 | 5 | 18 | 44 | 105 | 209 | 497 | 497 |
| 7 | 5 | 20 | 46 | 107 | 209 | 496 | 496 |
| 8 | 7 | 20 | 45 | 105 | 208 | 495 | 495 |
| 9 | 7 | 19 | 44 | 103 | 207 | 494 | 494 |
| 10 | 8 | 20 | 44 | 103 | 206 | 494 | 494 |
| 11 | 9 | 21 | 44 | 103 | 206 | 494 | 494 |
| 12 | 9 | 22 | 44 | 103 | 206 | 494 | 494 |
| 13 | 10 | 23 | 44 | 103 | 206 | 494 | 494 |
| 14 | 12 | 23 | 44 | 103 | 207 | 494 | 494 |
| 15 | 12 | 23 | 45 | 104 | 207 | 494 | 494 |
| 16 | 13 | 24 | 45 | 104 | 207 | 495 | 495 |
| 17 | 14 | 24 | 45 | 104 | 208 | 495 | 495 |
| 18 | 14 | 25 | 46 | 105 | 208 | 496 | 496 |
| 19 | 15 | 25 | 47 | 106 | 209 | 496 | 496 |
| 20 | 15 | 26 | 47 | 107 | 210 | 497 | 497 |
| 21 | 16 | 27 | 48 | 107 | 211 | 498 | 498 |
| 22 | 17 | 28 | 49 | 108 | 211 | 499 | 499 |
| 23 | 18 | 28 | 49 | 109 | 212 | 499 | 499 |
| 24 | 19 | 29 | 50 | 109 | 212 | 500 | 500 |
| 25 | 19 | 29 | 50 | 109 | 213 | 500 | 500 |
| 26 | 20 | 30 | 51 | 110 | 213 | 500 | 500 |
| 27 | 20 | 30 | 51 | 110 | 213 | 501 | 501 |
| 28 | 21 | 30 | 51 | 110 | 214 | 501 | 501 |
| 29 | 21 | 30 | 51 | 110 | 214 | 501 | 501 |
| 30 | 22 | 31 | 52 | 111 | 214 | 501 | 501 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

12

34

102

216

504

1 196

2

1

11

34

102

216

503

964

3

2

13

35

97

213

500

787

4

3

15

38

99

211

498

653

5

4

17

42

101

210

497

549

6

5

18

44

105

209

497

497

7

5

20

46

107

209

496

496

8

7

20

45

105

208

495

495

9

7

19

44

103

207

494

494

10

8

20

44

103

206

494

494

11

9

21

44

103

206

494

494

12

9

22

44

103

206

494

494

13

10

23

44

103

206

494

494

14

12

23

44

103

207

494

494

15

12

23

45

104

207

494

494

16

13

24

45

104

207

495

495

17

14

24

45

104

208

495

495

18

14

25

46

105

208

496

496

19

15

25

47

106

209

496

496

20

15

26

47

107

210

497

497

21

16

27

48

107

211

498

498

22

17

28

49

108

211

499

499

23

18

28

49

109

212

499

499

24

19

29

50

109

212

500

500

25

19

29

50

109

213

500

500

26

20

30

51

110

213

500

500

27

20

30

51

110

213

501

501

28

21

30

51

110

214

501

501

29

21

30

51

110

214

501

501

30

22

31

52

111

214

501

501

2.22   New Zealand dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 51 | 64 | 86 | 154 | 268 | 556 | 1 277 |
| 2 | 52 | 64 | 87 | 155 | 269 | 556 | 1 026 |
| 3 | 53 | 67 | 88 | 150 | 266 | 553 | 835 |
| 4 | 53 | 68 | 91 | 152 | 264 | 551 | 690 |
| 5 | 54 | 70 | 95 | 154 | 263 | 550 | 580 |
| 6 | 55 | 72 | 98 | 158 | 263 | 550 | 550 |
| 7 | 54 | 72 | 98 | 160 | 261 | 549 | 549 |
| 8 | 54 | 73 | 98 | 158 | 261 | 548 | 548 |
| 9 | 54 | 73 | 97 | 157 | 260 | 548 | 548 |
| 10 | 53 | 73 | 96 | 156 | 259 | 546 | 546 |
| 11 | 52 | 73 | 95 | 154 | 258 | 545 | 545 |
| 12 | 51 | 72 | 94 | 153 | 256 | 544 | 544 |
| 13 | 50 | 71 | 93 | 152 | 255 | 542 | 542 |
| 14 | 49 | 70 | 91 | 151 | 254 | 541 | 541 |
| 15 | 48 | 69 | 90 | 149 | 253 | 540 | 540 |
| 16 | 47 | 68 | 89 | 148 | 251 | 539 | 539 |
| 17 | 46 | 67 | 88 | 147 | 250 | 538 | 538 |
| 18 | 45 | 66 | 87 | 146 | 250 | 537 | 537 |
| 19 | 44 | 65 | 86 | 146 | 249 | 536 | 536 |
| 20 | 44 | 65 | 86 | 145 | 248 | 536 | 536 |
| 21 | 43 | 64 | 85 | 145 | 248 | 535 | 535 |
| 22 | 43 | 64 | 85 | 144 | 247 | 535 | 535 |
| 23 | 42 | 63 | 84 | 143 | 247 | 534 | 534 |
| 24 | 41 | 63 | 84 | 143 | 246 | 533 | 533 |
| 25 | 41 | 62 | 83 | 142 | 245 | 533 | 533 |
| 26 | 40 | 61 | 82 | 141 | 245 | 532 | 532 |
| 27 | 39 | 60 | 81 | 141 | 244 | 531 | 531 |
| 28 | 39 | 60 | 81 | 140 | 243 | 531 | 531 |
| 29 | 38 | 59 | 80 | 139 | 243 | 530 | 530 |
| 30 | 37 | 59 | 80 | 139 | 242 | 529 | 529 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

51

64

86

154

268

556

1 277

2

52

64

87

155

269

556

1 026

3

53

67

88

150

266

553

835

4

53

68

91

152

264

551

690

5

54

70

95

154

263

550

580

6

55

72

98

158

263

550

550

7

54

72

98

160

261

549

549

8

54

73

98

158

261

548

548

9

54

73

97

157

260

548

548

10

53

73

96

156

259

546

546

11

52

73

95

154

258

545

545

12

51

72

94

153

256

544

544

13

50

71

93

152

255

542

542

14

49

70

91

151

254

541

541

15

48

69

90

149

253

540

540

16

47

68

89

148

251

539

539

17

46

67

88

147

250

538

538

18

45

66

87

146

250

537

537

19

44

65

86

146

249

536

536

20

44

65

86

145

248

536

536

21

43

64

85

145

248

535

535

22

43

64

85

144

247

535

535

23

42

63

84

143

247

534

534

24

41

63

84

143

246

533

533

25

41

62

83

142

245

533

533

26

40

61

82

141

245

532

532

27

39

60

81

141

244

531

531

28

39

60

81

140

243

531

531

29

38

59

80

139

243

530

530

30

37

59

80

139

242

529

529

2.23   Rand

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 114 | 126 | 149 | 217 | 331 | 618 | 1 333 |
| 2 | 115 | 128 | 151 | 219 | 333 | 620 | 1 072 |
| 3 | 118 | 132 | 154 | 215 | 331 | 618 | 876 |
| 4 | 121 | 136 | 158 | 219 | 331 | 619 | 727 |
| 5 | 123 | 139 | 164 | 223 | 332 | 619 | 619 |
| 6 | 124 | 141 | 168 | 228 | 332 | 620 | 620 |
| 7 | 126 | 144 | 170 | 231 | 333 | 620 | 620 |
| 8 | 126 | 144 | 170 | 230 | 333 | 620 | 620 |
| 9 | 126 | 145 | 169 | 229 | 332 | 620 | 620 |
| 10 | 126 | 146 | 169 | 228 | 332 | 619 | 619 |
| 11 | 125 | 146 | 169 | 228 | 331 | 618 | 618 |
| 12 | 125 | 145 | 167 | 227 | 330 | 617 | 617 |
| 13 | 123 | 145 | 166 | 225 | 328 | 616 | 616 |
| 14 | 122 | 143 | 164 | 223 | 327 | 614 | 614 |
| 15 | 120 | 141 | 162 | 222 | 325 | 612 | 612 |
| 16 | 118 | 139 | 160 | 219 | 323 | 610 | 610 |
| 17 | 116 | 137 | 159 | 218 | 321 | 608 | 608 |
| 18 | 114 | 136 | 157 | 216 | 319 | 606 | 606 |
| 19 | 112 | 134 | 155 | 214 | 317 | 605 | 605 |
| 20 | 111 | 132 | 153 | 212 | 316 | 603 | 603 |
| 21 | 109 | 130 | 151 | 211 | 314 | 601 | 601 |
| 22 | 107 | 129 | 150 | 209 | 312 | 599 | 599 |
| 23 | 106 | 127 | 148 | 207 | 310 | 598 | 598 |
| 24 | 104 | 125 | 146 | 205 | 308 | 596 | 596 |
| 25 | 102 | 123 | 144 | 203 | 306 | 594 | 594 |
| 26 | 100 | 121 | 142 | 201 | 305 | 592 | 592 |
| 27 | 98 | 119 | 140 | 199 | 303 | 590 | 590 |
| 28 | 96 | 118 | 139 | 198 | 301 | 588 | 588 |
| 29 | 95 | 116 | 137 | 196 | 299 | 587 | 587 |
| 30 | 93 | 114 | 135 | 194 | 298 | 585 | 585 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

114

126

149

217

331

618

1 333

2

115

128

151

219

333

620

1 072

3

118

132

154

215

331

618

876

4

121

136

158

219

331

619

727

5

123

139

164

223

332

619

619

6

124

141

168

228

332

620

620

7

126

144

170

231

333

620

620

8

126

144

170

230

333

620

620

9

126

145

169

229

332

620

620

10

126

146

169

228

332

619

619

11

125

146

169

228

331

618

618

12

125

145

167

227

330

617

617

13

123

145

166

225

328

616

616

14

122

143

164

223

327

614

614

15

120

141

162

222

325

612

612

16

118

139

160

219

323

610

610

17

116

137

159

218

321

608

608

18

114

136

157

216

319

606

606

19

112

134

155

214

317

605

605

20

111

132

153

212

316

603

603

21

109

130

151

211

314

601

601

22

107

129

150

209

312

599

599

23

106

127

148

207

310

598

598

24

104

125

146

205

308

596

596

25

102

123

144

203

306

594

594

26

100

121

142

201

305

592

592

27

98

119

140

199

303

590

590

28

96

118

139

198

301

588

588

29

95

116

137

196

299

587

587

30

93

114

135

194

298

585

585

2.24   Real

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 167 | 180 | 203 | 271 | 385 | 672 | 1 415 |
| 2 | 176 | 189 | 211 | 279 | 393 | 681 | 1 133 |
| 3 | 181 | 195 | 217 | 279 | 394 | 682 | 926 |
| 4 | 184 | 199 | 222 | 283 | 395 | 682 | 769 |
| 5 | 186 | 202 | 227 | 286 | 395 | 683 | 683 |
| 6 | 187 | 204 | 230 | 290 | 395 | 682 | 682 |
| 7 | 187 | 205 | 231 | 292 | 394 | 681 | 681 |
| 8 | 186 | 204 | 230 | 290 | 393 | 680 | 680 |
| 9 | 185 | 204 | 229 | 288 | 392 | 679 | 679 |
| 10 | 184 | 204 | 228 | 287 | 391 | 678 | 678 |
| 11 | 183 | 204 | 226 | 286 | 389 | 676 | 676 |
| 12 | 181 | 202 | 224 | 283 | 387 | 674 | 674 |
| 13 | 179 | 200 | 222 | 281 | 384 | 671 | 671 |
| 14 | 177 | 198 | 219 | 278 | 381 | 669 | 669 |
| 15 | 174 | 195 | 216 | 275 | 378 | 666 | 666 |
| 16 | 171 | 192 | 213 | 272 | 375 | 663 | 663 |
| 17 | 168 | 189 | 210 | 269 | 373 | 660 | 660 |
| 18 | 165 | 186 | 207 | 266 | 370 | 657 | 657 |
| 19 | 162 | 183 | 204 | 263 | 367 | 654 | 654 |
| 20 | 159 | 180 | 201 | 260 | 364 | 651 | 651 |
| 21 | 156 | 177 | 198 | 258 | 361 | 648 | 648 |
| 22 | 153 | 174 | 195 | 254 | 358 | 645 | 645 |
| 23 | 150 | 171 | 192 | 251 | 355 | 642 | 642 |
| 24 | 147 | 168 | 189 | 248 | 352 | 639 | 639 |
| 25 | 144 | 165 | 186 | 245 | 349 | 636 | 636 |
| 26 | 141 | 162 | 183 | 242 | 346 | 633 | 633 |
| 27 | 138 | 159 | 180 | 239 | 343 | 630 | 630 |
| 28 | 135 | 156 | 177 | 237 | 340 | 627 | 627 |
| 29 | 132 | 154 | 175 | 234 | 337 | 624 | 624 |
| 30 | 130 | 151 | 172 | 231 | 334 | 622 | 622 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

167

180

203

271

385

672

1 415

2

176

189

211

279

393

681

1 133

3

181

195

217

279

394

682

926

4

184

199

222

283

395

682

769

5

186

202

227

286

395

683

683

6

187

204

230

290

395

682

682

7

187

205

231

292

394

681

681

8

186

204

230

290

393

680

680

9

185

204

229

288

392

679

679

10

184

204

228

287

391

678

678

11

183

204

226

286

389

676

676

12

181

202

224

283

387

674

674

13

179

200

222

281

384

671

671

14

177

198

219

278

381

669

669

15

174

195

216

275

378

666

666

16

171

192

213

272

375

663

663

17

168

189

210

269

373

660

660

18

165

186

207

266

370

657

657

19

162

183

204

263

367

654

654

20

159

180

201

260

364

651

651

21

156

177

198

258

361

648

648

22

153

174

195

254

358

645

645

23

150

171

192

251

355

642

642

24

147

168

189

248

352

639

639

25

144

165

186

245

349

636

636

26

141

162

183

242

346

633

633

27

138

159

180

239

343

630

630

28

135

156

177

237

340

627

627

29

132

154

175

234

337

624

624

30

130

151

172

231

334

622

622

2.25   Renminbi-yuan

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 32 | 44 | 67 | 135 | 249 | 536 | 1 219 |
| 2 | 32 | 45 | 68 | 136 | 250 | 537 | 985 |
| 3 | 34 | 48 | 70 | 131 | 247 | 534 | 806 |
| 4 | 35 | 50 | 72 | 133 | 246 | 533 | 669 |
| 5 | 36 | 52 | 77 | 136 | 245 | 533 | 563 |
| 6 | 36 | 54 | 80 | 140 | 245 | 532 | 532 |
| 7 | 37 | 55 | 81 | 142 | 244 | 531 | 531 |
| 8 | 36 | 55 | 80 | 140 | 243 | 530 | 530 |
| 9 | 35 | 55 | 79 | 139 | 242 | 530 | 530 |
| 10 | 35 | 55 | 79 | 138 | 242 | 529 | 529 |
| 11 | 35 | 56 | 78 | 138 | 241 | 528 | 528 |
| 12 | 35 | 56 | 78 | 137 | 240 | 528 | 528 |
| 13 | 35 | 56 | 77 | 136 | 240 | 527 | 527 |
| 14 | 35 | 56 | 77 | 136 | 239 | 527 | 527 |
| 15 | 35 | 56 | 77 | 136 | 239 | 527 | 527 |
| 16 | 34 | 56 | 77 | 136 | 239 | 527 | 527 |
| 17 | 34 | 56 | 77 | 136 | 239 | 527 | 527 |
| 18 | 35 | 56 | 77 | 136 | 239 | 527 | 527 |
| 19 | 35 | 56 | 77 | 136 | 239 | 527 | 527 |
| 20 | 35 | 56 | 77 | 136 | 240 | 527 | 527 |
| 21 | 35 | 56 | 77 | 136 | 240 | 527 | 527 |
| 22 | 35 | 56 | 77 | 136 | 240 | 527 | 527 |
| 23 | 35 | 56 | 77 | 136 | 239 | 527 | 527 |
| 24 | 34 | 56 | 77 | 136 | 239 | 526 | 526 |
| 25 | 34 | 55 | 76 | 136 | 239 | 526 | 526 |
| 26 | 34 | 55 | 76 | 135 | 239 | 526 | 526 |
| 27 | 34 | 55 | 76 | 135 | 238 | 526 | 526 |
| 28 | 33 | 54 | 75 | 135 | 238 | 525 | 525 |
| 29 | 33 | 54 | 75 | 134 | 238 | 525 | 525 |
| 30 | 32 | 54 | 75 | 134 | 237 | 525 | 525 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

32

44

67

135

249

536

1 219

2

32

45

68

136

250

537

985

3

34

48

70

131

247

534

806

4

35

50

72

133

246

533

669

5

36

52

77

136

245

533

563

6

36

54

80

140

245

532

532

7

37

55

81

142

244

531

531

8

36

55

80

140

243

530

530

9

35

55

79

139

242

530

530

10

35

55

79

138

242

529

529

11

35

56

78

138

241

528

528

12

35

56

78

137

240

528

528

13

35

56

77

136

240

527

527

14

35

56

77

136

239

527

527

15

35

56

77

136

239

527

527

16

34

56

77

136

239

527

527

17

34

56

77

136

239

527

527

18

35

56

77

136

239

527

527

19

35

56

77

136

239

527

527

20

35

56

77

136

240

527

527

21

35

56

77

136

240

527

527

22

35

56

77

136

240

527

527

23

35

56

77

136

239

527

527

24

34

56

77

136

239

526

526

25

34

55

76

136

239

526

526

26

34

55

76

135

239

526

526

27

34

55

76

135

238

526

526

28

33

54

75

135

238

525

525

29

33

54

75

134

238

525

525

30

32

54

75

134

237

525

525

2.26   Ringgit

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 29 | 42 | 65 | 133 | 247 | 534 | 1 229 |
| 2 | 31 | 44 | 67 | 135 | 249 | 536 | 995 |
| 3 | 34 | 48 | 70 | 131 | 247 | 534 | 815 |
| 4 | 36 | 51 | 74 | 135 | 247 | 534 | 676 |
| 5 | 39 | 55 | 80 | 139 | 248 | 535 | 570 |
| 6 | 40 | 57 | 83 | 144 | 248 | 535 | 535 |
| 7 | 42 | 60 | 86 | 147 | 249 | 536 | 536 |
| 8 | 42 | 60 | 86 | 146 | 249 | 536 | 536 |
| 9 | 42 | 61 | 86 | 145 | 249 | 536 | 536 |
| 10 | 43 | 63 | 87 | 146 | 249 | 537 | 537 |
| 11 | 44 | 65 | 87 | 146 | 250 | 537 | 537 |
| 12 | 45 | 66 | 87 | 147 | 250 | 537 | 537 |
| 13 | 45 | 66 | 87 | 147 | 250 | 537 | 537 |
| 14 | 45 | 66 | 87 | 146 | 250 | 537 | 537 |
| 15 | 45 | 66 | 87 | 146 | 250 | 537 | 537 |
| 16 | 45 | 66 | 87 | 146 | 250 | 537 | 537 |
| 17 | 45 | 66 | 87 | 146 | 250 | 537 | 537 |
| 18 | 45 | 66 | 87 | 147 | 250 | 537 | 537 |
| 19 | 45 | 66 | 88 | 147 | 250 | 537 | 537 |
| 20 | 46 | 67 | 88 | 147 | 250 | 538 | 538 |
| 21 | 46 | 67 | 88 | 147 | 250 | 538 | 538 |
| 22 | 46 | 67 | 88 | 147 | 250 | 538 | 538 |
| 23 | 45 | 67 | 88 | 147 | 250 | 537 | 537 |
| 24 | 45 | 66 | 87 | 146 | 250 | 537 | 537 |
| 25 | 44 | 66 | 87 | 146 | 249 | 537 | 537 |
| 26 | 44 | 65 | 86 | 145 | 249 | 536 | 536 |
| 27 | 43 | 65 | 86 | 145 | 248 | 535 | 535 |
| 28 | 43 | 64 | 85 | 144 | 248 | 535 | 535 |
| 29 | 42 | 63 | 84 | 144 | 247 | 534 | 534 |
| 30 | 42 | 63 | 84 | 143 | 246 | 534 | 534 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

29

42

65

133

247

534

1 229

2

31

44

67

135

249

536

995

3

34

48

70

131

247

534

815

4

36

51

74

135

247

534

676

5

39

55

80

139

248

535

570

6

40

57

83

144

248

535

535

7

42

60

86

147

249

536

536

8

42

60

86

146

249

536

536

9

42

61

86

145

249

536

536

10

43

63

87

146

249

537

537

11

44

65

87

146

250

537

537

12

45

66

87

147

250

537

537

13

45

66

87

147

250

537

537

14

45

66

87

146

250

537

537

15

45

66

87

146

250

537

537

16

45

66

87

146

250

537

537

17

45

66

87

146

250

537

537

18

45

66

87

147

250

537

537

19

45

66

88

147

250

537

537

20

46

67

88

147

250

538

538

21

46

67

88

147

250

538

538

22

46

67

88

147

250

538

538

23

45

67

88

147

250

537

537

24

45

66

87

146

250

537

537

25

44

66

87

146

249

537

537

26

44

65

86

145

249

536

536

27

43

65

86

145

248

535

535

28

43

64

85

144

248

535

535

29

42

63

84

144

247

534

534

30

42

63

84

143

246

534

534

2.27   Russian rouble

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 127 | 140 | 163 | 231 | 345 | 632 | 1 365 |
| 2 | 126 | 139 | 161 | 229 | 343 | 631 | 1101 |
| 3 | 126 | 140 | 162 | 223 | 339 | 626 | 900 |
| 4 | 127 | 142 | 164 | 225 | 337 | 625 | 747 |
| 5 | 127 | 143 | 168 | 228 | 337 | 624 | 629 |
| 6 | 127 | 144 | 170 | 231 | 335 | 623 | 623 |
| 7 | 127 | 145 | 171 | 233 | 334 | 622 | 622 |
| 8 | 127 | 145 | 171 | 231 | 334 | 621 | 621 |
| 9 | 126 | 145 | 169 | 229 | 333 | 620 | 620 |
| 10 | 126 | 146 | 169 | 229 | 332 | 619 | 619 |
| 11 | 126 | 146 | 169 | 228 | 331 | 619 | 619 |
| 12 | 125 | 146 | 168 | 227 | 330 | 618 | 618 |
| 13 | 124 | 145 | 167 | 226 | 329 | 616 | 616 |
| 14 | 123 | 144 | 165 | 224 | 328 | 615 | 615 |
| 15 | 121 | 142 | 163 | 222 | 326 | 613 | 613 |
| 16 | 119 | 140 | 161 | 221 | 324 | 611 | 611 |
| 17 | 117 | 138 | 159 | 218 | 321 | 609 | 609 |
| 18 | 115 | 136 | 157 | 216 | 319 | 607 | 607 |
| 19 | 113 | 134 | 155 | 214 | 317 | 605 | 605 |
| 20 | 111 | 132 | 153 | 212 | 315 | 603 | 603 |
| 21 | 108 | 130 | 151 | 210 | 313 | 600 | 600 |
| 22 | 106 | 127 | 148 | 208 | 311 | 598 | 598 |
| 23 | 104 | 125 | 146 | 205 | 309 | 596 | 596 |
| 24 | 102 | 123 | 144 | 203 | 306 | 594 | 594 |
| 25 | 100 | 121 | 142 | 201 | 304 | 592 | 592 |
| 26 | 97 | 119 | 140 | 199 | 302 | 589 | 589 |
| 27 | 95 | 117 | 138 | 197 | 300 | 587 | 587 |
| 28 | 93 | 114 | 135 | 195 | 298 | 585 | 585 |
| 29 | 91 | 112 | 133 | 193 | 296 | 583 | 583 |
| 30 | 89 | 111 | 132 | 191 | 294 | 581 | 581 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

127

140

163

231

345

632

1 365

2

126

139

161

229

343

631

1101

3

126

140

162

223

339

626

900

4

127

142

164

225

337

625

747

5

127

143

168

228

337

624

629

6

127

144

170

231

335

623

623

7

127

145

171

233

334

622

622

8

127

145

171

231

334

621

621

9

126

145

169

229

333

620

620

10

126

146

169

229

332

619

619

11

126

146

169

228

331

619

619

12

125

146

168

227

330

618

618

13

124

145

167

226

329

616

616

14

123

144

165

224

328

615

615

15

121

142

163

222

326

613

613

16

119

140

161

221

324

611

611

17

117

138

159

218

321

609

609

18

115

136

157

216

319

607

607

19

113

134

155

214

317

605

605

20

111

132

153

212

315

603

603

21

108

130

151

210

313

600

600

22

106

127

148

208

311

598

598

23

104

125

146

205

309

596

596

24

102

123

144

203

306

594

594

25

100

121

142

201

304

592

592

26

97

119

140

199

302

589

589

27

95

117

138

197

300

587

587

28

93

114

135

195

298

585

585

29

91

112

133

193

296

583

583

30

89

111

132

191

294

581

581

2.28   Singapore dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1 | 14 | 37 | 105 | 219 | 506 | 1 240 |
| 2 | 3 | 16 | 39 | 107 | 221 | 508 | 998 |
| 3 | 6 | 19 | 41 | 103 | 219 | 506 | 814 |
| 4 | 8 | 23 | 45 | 106 | 219 | 506 | 674 |
| 5 | 10 | 26 | 51 | 110 | 219 | 507 | 567 |
| 6 | 11 | 29 | 55 | 115 | 220 | 507 | 507 |
| 7 | 13 | 31 | 57 | 118 | 220 | 507 | 507 |
| 8 | 13 | 32 | 57 | 117 | 220 | 507 | 507 |
| 9 | 13 | 32 | 57 | 116 | 220 | 507 | 507 |
| 10 | 13 | 33 | 57 | 116 | 220 | 507 | 507 |
| 11 | 14 | 34 | 57 | 116 | 219 | 507 | 507 |
| 12 | 14 | 35 | 57 | 116 | 219 | 506 | 506 |
| 13 | 14 | 35 | 56 | 115 | 219 | 506 | 506 |
| 14 | 14 | 35 | 56 | 115 | 218 | 506 | 506 |
| 15 | 14 | 35 | 56 | 115 | 218 | 506 | 506 |
| 16 | 13 | 34 | 56 | 115 | 218 | 505 | 505 |
| 17 | 14 | 35 | 56 | 115 | 218 | 505 | 505 |
| 18 | 14 | 35 | 56 | 115 | 218 | 505 | 505 |
| 19 | 15 | 35 | 56 | 115 | 218 | 506 | 506 |
| 20 | 16 | 35 | 56 | 115 | 219 | 506 | 506 |
| 21 | 16 | 36 | 57 | 116 | 219 | 507 | 507 |
| 22 | 18 | 36 | 57 | 116 | 219 | 507 | 507 |
| 23 | 18 | 36 | 57 | 116 | 220 | 507 | 507 |
| 24 | 19 | 36 | 57 | 116 | 220 | 507 | 507 |
| 25 | 20 | 36 | 57 | 117 | 220 | 507 | 507 |
| 26 | 20 | 37 | 58 | 117 | 220 | 507 | 507 |
| 27 | 21 | 37 | 58 | 117 | 220 | 507 | 507 |
| 28 | 21 | 37 | 58 | 117 | 220 | 507 | 507 |
| 29 | 22 | 37 | 58 | 117 | 220 | 507 | 507 |
| 30 | 23 | 37 | 58 | 117 | 220 | 507 | 507 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

1

14

37

105

219

506

1 240

2

3

16

39

107

221

508

998

3

6

19

41

103

219

506

814

4

8

23

45

106

219

506

674

5

10

26

51

110

219

507

567

6

11

29

55

115

220

507

507

7

13

31

57

118

220

507

507

8

13

32

57

117

220

507

507

9

13

32

57

116

220

507

507

10

13

33

57

116

220

507

507

11

14

34

57

116

219

507

507

12

14

35

57

116

219

506

506

13

14

35

56

115

219

506

506

14

14

35

56

115

218

506

506

15

14

35

56

115

218

506

506

16

13

34

56

115

218

505

505

17

14

35

56

115

218

505

505

18

14

35

56

115

218

505

505

19

15

35

56

115

218

506

506

20

16

35

56

115

219

506

506

21

16

36

57

116

219

507

507

22

18

36

57

116

219

507

507

23

18

36

57

116

220

507

507

24

19

36

57

116

220

507

507

25

20

36

57

117

220

507

507

26

20

37

58

117

220

507

507

27

21

37

58

117

220

507

507

28

21

37

58

117

220

507

507

29

22

37

58

117

220

507

507

30

23

37

58

117

220

507

507

2.29   South Korean won

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 35 | 48 | 71 | 139 | 253 | 540 | 1 243 |
| 2 | 36 | 48 | 71 | 139 | 253 | 540 | 1 000 |
| 3 | 36 | 50 | 72 | 133 | 249 | 536 | 815 |
| 4 | 36 | 51 | 74 | 135 | 247 | 534 | 675 |
| 5 | 37 | 53 | 78 | 137 | 246 | 533 | 568 |
| 6 | 39 | 56 | 82 | 142 | 247 | 534 | 534 |
| 7 | 36 | 55 | 80 | 142 | 243 | 531 | 531 |
| 8 | 40 | 58 | 84 | 144 | 247 | 534 | 534 |
| 9 | 39 | 58 | 82 | 142 | 246 | 533 | 533 |
| 10 | 34 | 54 | 78 | 137 | 240 | 528 | 528 |
| 11 | 31 | 51 | 74 | 133 | 236 | 524 | 524 |
| 12 | 28 | 49 | 71 | 130 | 233 | 521 | 521 |
| 13 | 26 | 47 | 68 | 127 | 231 | 518 | 518 |
| 14 | 24 | 45 | 67 | 126 | 229 | 516 | 516 |
| 15 | 23 | 44 | 65 | 124 | 228 | 515 | 515 |
| 16 | 21 | 43 | 64 | 123 | 226 | 514 | 514 |
| 17 | 21 | 42 | 63 | 122 | 225 | 513 | 513 |
| 18 | 20 | 41 | 62 | 121 | 225 | 512 | 512 |
| 19 | 20 | 41 | 62 | 121 | 224 | 512 | 512 |
| 20 | 20 | 41 | 62 | 121 | 224 | 512 | 512 |
| 21 | 20 | 41 | 62 | 121 | 225 | 512 | 512 |
| 22 | 20 | 41 | 62 | 121 | 224 | 512 | 512 |
| 23 | 20 | 41 | 62 | 121 | 224 | 512 | 512 |
| 24 | 20 | 41 | 62 | 121 | 224 | 512 | 512 |
| 25 | 20 | 41 | 62 | 121 | 224 | 511 | 511 |
| 26 | 20 | 40 | 61 | 121 | 224 | 511 | 511 |
| 27 | 21 | 40 | 61 | 120 | 224 | 511 | 511 |
| 28 | 21 | 40 | 61 | 120 | 224 | 511 | 511 |
| 29 | 22 | 40 | 61 | 120 | 223 | 511 | 511 |
| 30 | 23 | 40 | 61 | 120 | 223 | 511 | 511 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

35

48

71

139

253

540

1 243

2

36

48

71

139

253

540

1 000

3

36

50

72

133

249

536

815

4

36

51

74

135

247

534

675

5

37

53

78

137

246

533

568

6

39

56

82

142

247

534

534

7

36

55

80

142

243

531

531

8

40

58

84

144

247

534

534

9

39

58

82

142

246

533

533

10

34

54

78

137

240

528

528

11

31

51

74

133

236

524

524

12

28

49

71

130

233

521

521

13

26

47

68

127

231

518

518

14

24

45

67

126

229

516

516

15

23

44

65

124

228

515

515

16

21

43

64

123

226

514

514

17

21

42

63

122

225

513

513

18

20

41

62

121

225

512

512

19

20

41

62

121

224

512

512

20

20

41

62

121

224

512

512

21

20

41

62

121

225

512

512

22

20

41

62

121

224

512

512

23

20

41

62

121

224

512

512

24

20

41

62

121

224

512

512

25

20

41

62

121

224

511

511

26

20

40

61

121

224

511

511

27

21

40

61

120

224

511

511

28

21

40

61

120

224

511

511

29

22

40

61

120

223

511

511

30

23

40

61

120

223

511

511

2.30   Turkish lira

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 210 | 223 | 246 | 314 | 428 | 715 | 1 423 |
| 2 | 207 | 220 | 243 | 311 | 425 | 712 | 1 137 |
| 3 | 203 | 217 | 239 | 301 | 416 | 704 | 924 |
| 4 | 200 | 215 | 238 | 299 | 411 | 698 | 764 |
| 5 | 197 | 213 | 237 | 297 | 406 | 693 | 693 |
| 6 | 193 | 210 | 236 | 297 | 401 | 688 | 688 |
| 7 | 190 | 208 | 234 | 295 | 397 | 684 | 684 |
| 8 | 185 | 204 | 229 | 289 | 392 | 680 | 680 |
| 9 | 181 | 201 | 225 | 285 | 388 | 675 | 675 |
| 10 | 178 | 198 | 221 | 280 | 384 | 671 | 671 |
| 11 | 174 | 195 | 217 | 276 | 380 | 667 | 667 |
| 12 | 170 | 191 | 213 | 272 | 376 | 663 | 663 |
| 13 | 167 | 188 | 209 | 268 | 372 | 659 | 659 |
| 14 | 163 | 184 | 205 | 265 | 368 | 655 | 655 |
| 15 | 160 | 181 | 202 | 261 | 364 | 652 | 652 |
| 16 | 156 | 177 | 198 | 257 | 361 | 648 | 648 |
| 17 | 153 | 174 | 195 | 254 | 357 | 645 | 645 |
| 18 | 150 | 171 | 192 | 251 | 354 | 642 | 642 |
| 19 | 147 | 168 | 189 | 248 | 351 | 639 | 639 |
| 20 | 144 | 165 | 186 | 245 | 348 | 636 | 636 |
| 21 | 141 | 162 | 183 | 242 | 346 | 633 | 633 |
| 22 | 138 | 159 | 180 | 239 | 343 | 630 | 630 |
| 23 | 135 | 156 | 177 | 236 | 340 | 627 | 627 |
| 24 | 132 | 153 | 174 | 234 | 337 | 624 | 624 |
| 25 | 129 | 151 | 172 | 231 | 334 | 621 | 621 |
| 26 | 127 | 148 | 169 | 228 | 331 | 619 | 619 |
| 27 | 124 | 145 | 166 | 225 | 329 | 616 | 616 |
| 28 | 122 | 143 | 164 | 223 | 326 | 614 | 614 |
| 29 | 119 | 140 | 161 | 221 | 324 | 611 | 611 |
| 30 | 117 | 138 | 159 | 218 | 322 | 609 | 609 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

210

223

246

314

428

715

1 423

2

207

220

243

311

425

712

1 137

3

203

217

239

301

416

704

924

4

200

215

238

299

411

698

764

5

197

213

237

297

406

693

693

6

193

210

236

297

401

688

688

7

190

208

234

295

397

684

684

8

185

204

229

289

392

680

680

9

181

201

225

285

388

675

675

10

178

198

221

280

384

671

671

11

174

195

217

276

380

667

667

12

170

191

213

272

376

663

663

13

167

188

209

268

372

659

659

14

163

184

205

265

368

655

655

15

160

181

202

261

364

652

652

16

156

177

198

257

361

648

648

17

153

174

195

254

357

645

645

18

150

171

192

251

354

642

642

19

147

168

189

248

351

639

639

20

144

165

186

245

348

636

636

21

141

162

183

242

346

633

633

22

138

159

180

239

343

630

630

23

135

156

177

236

340

627

627

24

132

153

174

234

337

624

624

25

129

151

172

231

334

621

621

26

127

148

169

228

331

619

619

27

124

145

166

225

329

616

616

28

122

143

164

223

326

614

614

29

119

140

161

221

324

611

611

30

117

138

159

218

322

609

609

2.31   US dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 8 | 25 | 47 | 100 | 235 | 522 | 1 265 |
| 2 | 8 | 25 | 47 | 100 | 235 | 522 | 1 013 |
| 3 | 10 | 28 | 50 | 96 | 233 | 520 | 823 |
| 4 | 12 | 32 | 54 | 95 | 233 | 520 | 681 |
| 5 | 16 | 38 | 59 | 97 | 233 | 521 | 571 |
| 6 | 18 | 42 | 63 | 95 | 234 | 521 | 521 |
| 7 | 19 | 44 | 63 | 90 | 234 | 522 | 522 |
| 8 | 18 | 43 | 62 | 89 | 234 | 522 | 522 |
| 9 | 19 | 45 | 64 | 92 | 234 | 522 | 522 |
| 10 | 21 | 48 | 67 | 96 | 234 | 522 | 522 |
| 11 | 23 | 50 | 68 | 99 | 234 | 522 | 522 |
| 12 | 24 | 52 | 69 | 100 | 234 | 522 | 522 |
| 13 | 26 | 54 | 70 | 100 | 234 | 522 | 522 |
| 14 | 26 | 55 | 71 | 100 | 234 | 522 | 522 |
| 15 | 26 | 55 | 71 | 100 | 234 | 522 | 522 |
| 16 | 26 | 55 | 71 | 100 | 234 | 521 | 521 |
| 17 | 26 | 55 | 71 | 100 | 234 | 521 | 521 |
| 18 | 26 | 55 | 71 | 100 | 234 | 521 | 521 |
| 19 | 26 | 55 | 71 | 100 | 234 | 521 | 521 |
| 20 | 26 | 55 | 71 | 100 | 234 | 522 | 522 |
| 21 | 26 | 55 | 71 | 100 | 234 | 522 | 522 |
| 22 | 26 | 55 | 71 | 100 | 234 | 522 | 522 |
| 23 | 26 | 55 | 71 | 100 | 234 | 522 | 522 |
| 24 | 26 | 55 | 71 | 100 | 234 | 522 | 522 |
| 25 | 26 | 55 | 71 | 100 | 234 | 521 | 521 |
| 26 | 26 | 55 | 71 | 100 | 234 | 521 | 521 |
| 27 | 26 | 55 | 71 | 100 | 233 | 521 | 521 |
| 28 | 26 | 55 | 71 | 100 | 233 | 520 | 520 |
| 29 | 26 | 55 | 71 | 100 | 233 | 520 | 520 |
| 30 | 26 | 55 | 71 | 100 | 232 | 520 | 520 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

8

25

47

100

235

522

1 265

2

8

25

47

100

235

522

1 013

3

10

28

50

96

233

520

823

4

12

32

54

95

233

520

681

5

16

38

59

97

233

521

571

6

18

42

63

95

234

521

521

7

19

44

63

90

234

522

522

8

18

43

62

89

234

522

522

9

19

45

64

92

234

522

522

10

21

48

67

96

234

522

522

11

23

50

68

99

234

522

522

12

24

52

69

100

234

522

522

13

26

54

70

100

234

522

522

14

26

55

71

100

234

522

522

15

26

55

71

100

234

522

522

16

26

55

71

100

234

521

521

17

26

55

71

100

234

521

521

18

26

55

71

100

234

521

521

19

26

55

71

100

234

521

521

20

26

55

71

100

234

522

522

21

26

55

71

100

234

522

522

22

26

55

71

100

234

522

522

23

26

55

71

100

234

522

522

24

26

55

71

100

234

522

522

25

26

55

71

100

234

521

521

26

26

55

71

100

234

521

521

27

26

55

71

100

233

521

521

28

26

55

71

100

233

520

520

29

26

55

71

100

233

520

520

30

26

55

71

100

232

520

520

2.32   Yen

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 4 | 14 | 82 | 196 | 484 | 1 179 |
| 2 | 1 | 5 | 13 | 81 | 195 | 482 | 951 |
| 3 | 2 | 5 | 13 | 74 | 190 | 477 | 777 |
| 4 | 2 | 6 | 15 | 76 | 188 | 475 | 644 |
| 5 | 4 | 6 | 19 | 78 | 187 | 475 | 542 |
| 6 | 5 | 7 | 22 | 82 | 187 | 474 | 474 |
| 7 | 5 | 9 | 24 | 85 | 187 | 474 | 474 |
| 8 | 7 | 9 | 23 | 84 | 186 | 474 | 474 |
| 9 | 7 | 10 | 23 | 83 | 186 | 474 | 474 |
| 10 | 8 | 10 | 24 | 83 | 186 | 474 | 474 |
| 11 | 9 | 11 | 24 | 83 | 187 | 474 | 474 |
| 12 | 9 | 11 | 24 | 83 | 187 | 474 | 474 |
| 13 | 10 | 13 | 24 | 83 | 187 | 474 | 474 |
| 14 | 11 | 14 | 25 | 84 | 187 | 474 | 474 |
| 15 | 12 | 14 | 25 | 84 | 187 | 475 | 475 |
| 16 | 13 | 15 | 26 | 84 | 188 | 475 | 475 |
| 17 | 13 | 15 | 27 | 85 | 188 | 475 | 475 |
| 18 | 14 | 17 | 28 | 85 | 189 | 476 | 476 |
| 19 | 15 | 17 | 29 | 86 | 189 | 476 | 476 |
| 20 | 15 | 18 | 30 | 86 | 190 | 477 | 477 |
| 21 | 16 | 18 | 32 | 87 | 190 | 477 | 477 |
| 22 | 16 | 19 | 33 | 87 | 190 | 478 | 478 |
| 23 | 18 | 20 | 34 | 87 | 191 | 478 | 478 |
| 24 | 19 | 21 | 35 | 87 | 191 | 478 | 478 |
| 25 | 19 | 22 | 36 | 87 | 191 | 478 | 478 |
| 26 | 20 | 22 | 37 | 87 | 191 | 478 | 478 |
| 27 | 20 | 23 | 38 | 87 | 191 | 478 | 478 |
| 28 | 21 | 23 | 40 | 87 | 191 | 478 | 478 |
| 29 | 21 | 24 | 41 | 87 | 190 | 478 | 478 |
| 30 | 22 | 24 | 42 | 87 | 190 | 478 | 478 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

4

14

82

196

484

1 179

2

1

5

13

81

195

482

951

3

2

5

13

74

190

477

777

4

2

6

15

76

188

475

644

5

4

6

19

78

187

475

542

6

5

7

22

82

187

474

474

7

5

9

24

85

187

474

474

8

7

9

23

84

186

474

474

9

7

10

23

83

186

474

474

10

8

10

24

83

186

474

474

11

9

11

24

83

187

474

474

12

9

11

24

83

187

474

474

13

10

13

24

83

187

474

474

14

11

14

25

84

187

474

474

15

12

14

25

84

187

475

475

16

13

15

26

84

188

475

475

17

13

15

27

85

188

475

475

18

14

17

28

85

189

476

476

19

15

17

29

86

189

476

476

20

15

18

30

86

190

477

477

21

16

18

32

87

190

477

477

22

16

19

33

87

190

478

478

23

18

20

34

87

191

478

478

24

19

21

35

87

191

478

478

25

19

22

36

87

191

478

478

26

20

22

37

87

191

478

478

27

20

23

38

87

191

478

478

28

21

23

40

87

191

478

478

29

21

24

41

87

190

478

478

30

22

24

42

87

190

478

478

3.   Other exposures

3.1   Euro

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 2 | 14 | 20 | 41 | 158 | 303 | 3 123 |
| 2 | 2 | 14 | 20 | 41 | 158 | 344 | 2 340 |
| 3 | 1 | 14 | 23 | 46 | 153 | 359 | 1 774 |
| 4 | 2 | 15 | 25 | 50 | 151 | 359 | 1 374 |
| 5 | 3 | 17 | 29 | 52 | 151 | 350 | 1 091 |
| 6 | 4 | 20 | 31 | 55 | 151 | 337 | 885 |
| 7 | 6 | 22 | 33 | 57 | 151 | 321 | 733 |
| 8 | 6 | 23 | 34 | 60 | 151 | 305 | 616 |
| 9 | 6 | 24 | 36 | 62 | 151 | 287 | 525 |
| 10 | 6 | 25 | 37 | 64 | 151 | 271 | 452 |
| 11 | 7 | 25 | 38 | 65 | 151 | 254 | 392 |
| 12 | 7 | 25 | 38 | 65 | 151 | 244 | 343 |
| 13 | 7 | 26 | 38 | 65 | 151 | 244 | 303 |
| 14 | 7 | 26 | 38 | 65 | 151 | 244 | 268 |
| 15 | 7 | 26 | 40 | 65 | 151 | 244 | 244 |
| 16 | 7 | 26 | 42 | 65 | 151 | 244 | 244 |
| 17 | 7 | 26 | 44 | 65 | 151 | 244 | 244 |
| 18 | 7 | 26 | 47 | 65 | 151 | 244 | 244 |
| 19 | 7 | 26 | 49 | 65 | 151 | 244 | 244 |
| 20 | 8 | 26 | 52 | 65 | 151 | 244 | 244 |
| 21 | 8 | 26 | 54 | 65 | 151 | 244 | 244 |
| 22 | 9 | 26 | 56 | 65 | 151 | 244 | 244 |
| 23 | 9 | 26 | 59 | 65 | 151 | 244 | 244 |
| 24 | 9 | 26 | 61 | 65 | 151 | 244 | 244 |
| 25 | 10 | 26 | 64 | 65 | 151 | 244 | 244 |
| 26 | 10 | 26 | 66 | 67 | 151 | 244 | 244 |
| 27 | 11 | 26 | 69 | 68 | 151 | 244 | 244 |
| 28 | 11 | 26 | 71 | 70 | 151 | 244 | 244 |
| 29 | 11 | 26 | 74 | 72 | 151 | 244 | 244 |
| 30 | 12 | 26 | 76 | 73 | 151 | 244 | 244 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

2

14

20

41

158

303

3 123

2

2

14

20

41

158

344

2 340

3

1

14

23

46

153

359

1 774

4

2

15

25

50

151

359

1 374

5

3

17

29

52

151

350

1 091

6

4

20

31

55

151

337

885

7

6

22

33

57

151

321

733

8

6

23

34

60

151

305

616

9

6

24

36

62

151

287

525

10

6

25

37

64

151

271

452

11

7

25

38

65

151

254

392

12

7

25

38

65

151

244

343

13

7

26

38

65

151

244

303

14

7

26

38

65

151

244

268

15

7

26

40

65

151

244

244

16

7

26

42

65

151

244

244

17

7

26

44

65

151

244

244

18

7

26

47

65

151

244

244

19

7

26

49

65

151

244

244

20

8

26

52

65

151

244

244

21

8

26

54

65

151

244

244

22

9

26

56

65

151

244

244

23

9

26

59

65

151

244

244

24

9

26

61

65

151

244

244

25

10

26

64

65

151

244

244

26

10

26

66

67

151

244

244

27

11

26

69

68

151

244

244

28

11

26

71

70

151

244

244

29

11

26

74

72

151

244

244

30

12

26

76

73

151

244

244

3.2   Czech koruna

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 14 | 26 | 32 | 53 | 170 | 319 | 3 297 |
| 2 | 15 | 27 | 34 | 55 | 171 | 358 | 2 450 |
| 3 | 15 | 27 | 36 | 59 | 166 | 372 | 1 848 |
| 4 | 14 | 28 | 38 | 63 | 164 | 371 | 1 427 |
| 5 | 14 | 29 | 41 | 64 | 163 | 361 | 1 130 |
| 6 | 15 | 31 | 42 | 66 | 162 | 347 | 916 |
| 7 | 16 | 33 | 43 | 67 | 161 | 330 | 757 |
| 8 | 15 | 33 | 44 | 69 | 160 | 313 | 636 |
| 9 | 15 | 33 | 45 | 71 | 160 | 295 | 541 |
| 10 | 15 | 33 | 46 | 73 | 159 | 277 | 465 |
| 11 | 15 | 33 | 46 | 73 | 159 | 260 | 404 |
| 12 | 14 | 33 | 45 | 73 | 158 | 251 | 353 |
| 13 | 14 | 32 | 45 | 72 | 158 | 251 | 311 |
| 14 | 13 | 32 | 44 | 71 | 157 | 250 | 275 |
| 15 | 13 | 31 | 44 | 71 | 157 | 250 | 250 |
| 16 | 12 | 31 | 44 | 71 | 156 | 249 | 249 |
| 17 | 12 | 31 | 45 | 71 | 156 | 249 | 249 |
| 18 | 12 | 31 | 48 | 71 | 156 | 249 | 249 |
| 19 | 12 | 31 | 51 | 71 | 156 | 249 | 249 |
| 20 | 13 | 31 | 53 | 71 | 157 | 250 | 250 |
| 21 | 13 | 31 | 55 | 71 | 157 | 250 | 250 |
| 22 | 13 | 32 | 58 | 71 | 157 | 250 | 250 |
| 23 | 13 | 32 | 60 | 71 | 157 | 250 | 250 |
| 24 | 13 | 32 | 63 | 71 | 157 | 250 | 250 |
| 25 | 13 | 32 | 65 | 71 | 157 | 250 | 250 |
| 26 | 13 | 32 | 68 | 71 | 157 | 250 | 250 |
| 27 | 13 | 32 | 70 | 71 | 157 | 250 | 250 |
| 28 | 13 | 31 | 73 | 71 | 157 | 250 | 250 |
| 29 | 13 | 31 | 75 | 73 | 157 | 250 | 250 |
| 30 | 13 | 31 | 77 | 75 | 157 | 250 | 250 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

14

26

32

53

170

319

3 297

2

15

27

34

55

171

358

2 450

3

15

27

36

59

166

372

1 848

4

14

28

38

63

164

371

1 427

5

14

29

41

64

163

361

1 130

6

15

31

42

66

162

347

916

7

16

33

43

67

161

330

757

8

15

33

44

69

160

313

636

9

15

33

45

71

160

295

541

10

15

33

46

73

159

277

465

11

15

33

46

73

159

260

404

12

14

33

45

73

158

251

353

13

14

32

45

72

158

251

311

14

13

32

44

71

157

250

275

15

13

31

44

71

157

250

250

16

12

31

44

71

156

249

249

17

12

31

45

71

156

249

249

18

12

31

48

71

156

249

249

19

12

31

51

71

156

249

249

20

13

31

53

71

157

250

250

21

13

31

55

71

157

250

250

22

13

32

58

71

157

250

250

23

13

32

60

71

157

250

250

24

13

32

63

71

157

250

250

25

13

32

65

71

157

250

250

26

13

32

68

71

157

250

250

27

13

32

70

71

157

250

250

28

13

31

73

71

157

250

250

29

13

31

75

73

157

250

250

30

13

31

77

75

157

250

250

3.3   Danish krone

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 2 | 14 | 20 | 41 | 158 | 303 | 3 122 |
| 2 | 2 | 14 | 20 | 41 | 158 | 344 | 2 340 |
| 3 | 1 | 14 | 22 | 46 | 153 | 359 | 1 773 |
| 4 | 1 | 15 | 25 | 50 | 151 | 359 | 1 374 |
| 5 | 2 | 17 | 28 | 52 | 151 | 350 | 1 091 |
| 6 | 4 | 20 | 31 | 55 | 151 | 337 | 885 |
| 7 | 5 | 22 | 33 | 57 | 151 | 321 | 733 |
| 8 | 5 | 23 | 34 | 59 | 151 | 305 | 616 |
| 9 | 6 | 24 | 35 | 62 | 151 | 287 | 525 |
| 10 | 6 | 25 | 37 | 64 | 151 | 270 | 452 |
| 11 | 7 | 25 | 38 | 65 | 151 | 254 | 392 |
| 12 | 7 | 25 | 38 | 65 | 151 | 244 | 343 |
| 13 | 7 | 25 | 38 | 65 | 151 | 244 | 303 |
| 14 | 7 | 25 | 38 | 65 | 151 | 244 | 268 |
| 15 | 7 | 25 | 40 | 65 | 151 | 244 | 244 |
| 16 | 7 | 25 | 42 | 65 | 151 | 244 | 244 |
| 17 | 7 | 25 | 44 | 65 | 151 | 244 | 244 |
| 18 | 7 | 25 | 47 | 65 | 151 | 244 | 244 |
| 19 | 7 | 25 | 49 | 65 | 151 | 244 | 244 |
| 20 | 8 | 25 | 52 | 65 | 151 | 244 | 244 |
| 21 | 8 | 25 | 54 | 65 | 151 | 244 | 244 |
| 22 | 9 | 25 | 56 | 65 | 151 | 244 | 244 |
| 23 | 9 | 25 | 59 | 65 | 151 | 244 | 244 |
| 24 | 9 | 25 | 61 | 65 | 151 | 244 | 244 |
| 25 | 10 | 25 | 64 | 65 | 151 | 244 | 244 |
| 26 | 10 | 25 | 66 | 67 | 151 | 244 | 244 |
| 27 | 11 | 25 | 69 | 68 | 151 | 244 | 244 |
| 28 | 11 | 25 | 71 | 70 | 151 | 244 | 244 |
| 29 | 11 | 25 | 74 | 72 | 151 | 244 | 244 |
| 30 | 12 | 26 | 76 | 73 | 151 | 244 | 244 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

2

14

20

41

158

303

3 122

2

2

14

20

41

158

344

2 340

3

1

14

22

46

153

359

1 773

4

1

15

25

50

151

359

1 374

5

2

17

28

52

151

350

1 091

6

4

20

31

55

151

337

885

7

5

22

33

57

151

321

733

8

5

23

34

59

151

305

616

9

6

24

35

62

151

287

525

10

6

25

37

64

151

270

452

11

7

25

38

65

151

254

392

12

7

25

38

65

151

244

343

13

7

25

38

65

151

244

303

14

7

25

38

65

151

244

268

15

7

25

40

65

151

244

244

16

7

25

42

65

151

244

244

17

7

25

44

65

151

244

244

18

7

25

47

65

151

244

244

19

7

25

49

65

151

244

244

20

8

25

52

65

151

244

244

21

8

25

54

65

151

244

244

22

9

25

56

65

151

244

244

23

9

25

59

65

151

244

244

24

9

25

61

65

151

244

244

25

10

25

64

65

151

244

244

26

10

25

66

67

151

244

244

27

11

25

69

68

151

244

244

28

11

25

71

70

151

244

244

29

11

25

74

72

151

244

244

30

12

26

76

73

151

244

244

3.4   Forint

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 75 | 87 | 93 | 114 | 231 | 353 | 3 686 |
| 2 | 71 | 83 | 90 | 111 | 228 | 394 | 2 722 |
| 3 | 73 | 86 | 94 | 118 | 225 | 405 | 2 037 |
| 4 | 71 | 85 | 95 | 120 | 221 | 400 | 1 561 |
| 5 | 70 | 85 | 97 | 120 | 219 | 387 | 1 229 |
| 6 | 70 | 86 | 97 | 121 | 217 | 371 | 991 |
| 7 | 70 | 87 | 97 | 122 | 215 | 352 | 816 |
| 8 | 69 | 87 | 97 | 123 | 214 | 332 | 683 |
| 9 | 69 | 87 | 98 | 125 | 213 | 313 | 581 |
| 10 | 66 | 84 | 96 | 124 | 210 | 303 | 499 |
| 11 | 64 | 82 | 95 | 122 | 208 | 301 | 433 |
| 12 | 63 | 81 | 94 | 121 | 207 | 300 | 379 |
| 13 | 62 | 81 | 93 | 120 | 206 | 299 | 333 |
| 14 | 62 | 80 | 93 | 120 | 206 | 299 | 299 |
| 15 | 61 | 80 | 92 | 120 | 205 | 299 | 299 |
| 16 | 61 | 80 | 92 | 119 | 205 | 298 | 298 |
| 17 | 61 | 79 | 92 | 119 | 205 | 298 | 298 |
| 18 | 60 | 79 | 91 | 118 | 204 | 297 | 297 |
| 19 | 59 | 78 | 90 | 118 | 203 | 297 | 297 |
| 20 | 59 | 78 | 90 | 117 | 203 | 296 | 296 |
| 21 | 58 | 77 | 89 | 117 | 202 | 295 | 295 |
| 22 | 57 | 76 | 88 | 116 | 201 | 295 | 295 |
| 23 | 57 | 75 | 88 | 115 | 200 | 294 | 294 |
| 24 | 56 | 74 | 87 | 114 | 200 | 293 | 293 |
| 25 | 55 | 73 | 86 | 113 | 198 | 292 | 292 |
| 26 | 54 | 72 | 85 | 112 | 197 | 291 | 291 |
| 27 | 52 | 71 | 83 | 111 | 196 | 290 | 290 |
| 28 | 51 | 70 | 82 | 110 | 195 | 288 | 288 |
| 29 | 50 | 69 | 81 | 109 | 194 | 287 | 287 |
| 30 | 49 | 68 | 81 | 108 | 193 | 286 | 286 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

75

87

93

114

231

353

3 686

2

71

83

90

111

228

394

2 722

3

73

86

94

118

225

405

2 037

4

71

85

95

120

221

400

1 561

5

70

85

97

120

219

387

1 229

6

70

86

97

121

217

371

991

7

70

87

97

122

215

352

816

8

69

87

97

123

214

332

683

9

69

87

98

125

213

313

581

10

66

84

96

124

210

303

499

11

64

82

95

122

208

301

433

12

63

81

94

121

207

300

379

13

62

81

93

120

206

299

333

14

62

80

93

120

206

299

299

15

61

80

92

120

205

299

299

16

61

80

92

119

205

298

298

17

61

79

92

119

205

298

298

18

60

79

91

118

204

297

297

19

59

78

90

118

203

297

297

20

59

78

90

117

203

296

296

21

58

77

89

117

202

295

295

22

57

76

88

116

201

295

295

23

57

75

88

115

200

294

294

24

56

74

87

114

200

293

293

25

55

73

86

113

198

292

292

26

54

72

85

112

197

291

291

27

52

71

83

111

196

290

290

28

51

70

82

110

195

288

288

29

50

69

81

109

194

287

287

30

49

68

81

108

193

286

286

3.5   Krona

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 6 | 18 | 25 | 46 | 162 | 304 | 3 128 |
| 2 | 7 | 19 | 26 | 47 | 164 | 345 | 2 344 |
| 3 | 8 | 21 | 29 | 53 | 160 | 359 | 1 775 |
| 4 | 9 | 22 | 33 | 57 | 158 | 359 | 1 375 |
| 5 | 10 | 25 | 36 | 59 | 158 | 350 | 1 091 |
| 6 | 11 | 27 | 38 | 62 | 158 | 337 | 886 |
| 7 | 13 | 29 | 40 | 64 | 158 | 321 | 733 |
| 8 | 12 | 30 | 41 | 66 | 158 | 304 | 616 |
| 9 | 12 | 30 | 42 | 69 | 157 | 287 | 524 |
| 10 | 12 | 31 | 43 | 70 | 157 | 270 | 451 |
| 11 | 13 | 31 | 43 | 71 | 157 | 254 | 392 |
| 12 | 13 | 31 | 44 | 71 | 157 | 250 | 343 |
| 13 | 13 | 31 | 44 | 71 | 157 | 250 | 303 |
| 14 | 13 | 31 | 44 | 71 | 157 | 250 | 268 |
| 15 | 13 | 31 | 44 | 71 | 157 | 250 | 250 |
| 16 | 13 | 31 | 44 | 71 | 157 | 250 | 250 |
| 17 | 13 | 32 | 45 | 71 | 157 | 250 | 250 |
| 18 | 13 | 32 | 47 | 72 | 157 | 250 | 250 |
| 19 | 14 | 32 | 49 | 72 | 157 | 251 | 251 |
| 20 | 14 | 33 | 52 | 72 | 158 | 251 | 251 |
| 21 | 14 | 33 | 55 | 73 | 158 | 252 | 252 |
| 22 | 15 | 33 | 56 | 73 | 159 | 252 | 252 |
| 23 | 15 | 33 | 59 | 73 | 159 | 252 | 252 |
| 24 | 15 | 33 | 61 | 73 | 159 | 252 | 252 |
| 25 | 15 | 33 | 64 | 73 | 159 | 252 | 252 |
| 26 | 15 | 33 | 66 | 73 | 159 | 252 | 252 |
| 27 | 15 | 33 | 69 | 73 | 159 | 252 | 252 |
| 28 | 15 | 33 | 71 | 73 | 159 | 252 | 252 |
| 29 | 15 | 33 | 74 | 73 | 158 | 252 | 252 |
| 30 | 14 | 33 | 76 | 75 | 158 | 251 | 251 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

6

18

25

46

162

304

3 128

2

7

19

26

47

164

345

2 344

3

8

21

29

53

160

359

1 775

4

9

22

33

57

158

359

1 375

5

10

25

36

59

158

350

1 091

6

11

27

38

62

158

337

886

7

13

29

40

64

158

321

733

8

12

30

41

66

158

304

616

9

12

30

42

69

157

287

524

10

12

31

43

70

157

270

451

11

13

31

43

71

157

254

392

12

13

31

44

71

157

250

343

13

13

31

44

71

157

250

303

14

13

31

44

71

157

250

268

15

13

31

44

71

157

250

250

16

13

31

44

71

157

250

250

17

13

32

45

71

157

250

250

18

13

32

47

72

157

250

250

19

14

32

49

72

157

251

251

20

14

33

52

72

158

251

251

21

14

33

55

73

158

252

252

22

15

33

56

73

159

252

252

23

15

33

59

73

159

252

252

24

15

33

61

73

159

252

252

25

15

33

64

73

159

252

252

26

15

33

66

73

159

252

252

27

15

33

69

73

159

252

252

28

15

33

71

73

159

252

252

29

15

33

74

73

158

252

252

30

14

33

76

75

158

251

251

3.6   Lev

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1 | 13 | 19 | 40 | 157 | 303 | 3 120 |
| 2 | 1 | 13 | 19 | 40 | 157 | 344 | 2 338 |
| 3 | 1 | 13 | 22 | 45 | 152 | 359 | 1 772 |
| 4 | 1 | 14 | 25 | 49 | 150 | 359 | 1 373 |
| 5 | 2 | 16 | 28 | 51 | 150 | 350 | 1 090 |
| 6 | 3 | 19 | 30 | 54 | 150 | 337 | 885 |
| 7 | 5 | 21 | 32 | 56 | 150 | 321 | 732 |
| 8 | 5 | 22 | 33 | 59 | 150 | 304 | 615 |
| 9 | 5 | 23 | 35 | 61 | 150 | 287 | 524 |
| 10 | 6 | 24 | 36 | 63 | 150 | 270 | 451 |
| 11 | 6 | 24 | 37 | 64 | 150 | 254 | 392 |
| 12 | 6 | 25 | 37 | 64 | 150 | 243 | 343 |
| 13 | 6 | 25 | 37 | 64 | 150 | 243 | 302 |
| 14 | 6 | 25 | 37 | 64 | 150 | 243 | 268 |
| 15 | 6 | 25 | 40 | 64 | 150 | 243 | 243 |
| 16 | 6 | 25 | 42 | 64 | 150 | 243 | 243 |
| 17 | 6 | 25 | 44 | 64 | 150 | 243 | 243 |
| 18 | 6 | 25 | 47 | 64 | 150 | 243 | 243 |
| 19 | 7 | 25 | 49 | 64 | 150 | 243 | 243 |
| 20 | 8 | 25 | 52 | 64 | 150 | 243 | 243 |
| 21 | 8 | 25 | 54 | 64 | 150 | 243 | 243 |
| 22 | 9 | 25 | 56 | 64 | 150 | 243 | 243 |
| 23 | 9 | 25 | 59 | 64 | 150 | 243 | 243 |
| 24 | 9 | 25 | 61 | 64 | 150 | 243 | 243 |
| 25 | 10 | 25 | 64 | 65 | 150 | 243 | 243 |
| 26 | 10 | 25 | 66 | 67 | 150 | 243 | 243 |
| 27 | 11 | 25 | 69 | 68 | 150 | 243 | 243 |
| 28 | 11 | 25 | 71 | 70 | 150 | 243 | 243 |
| 29 | 11 | 25 | 74 | 72 | 150 | 243 | 243 |
| 30 | 12 | 26 | 76 | 73 | 150 | 243 | 243 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

1

13

19

40

157

303

3 120

2

1

13

19

40

157

344

2 338

3

1

13

22

45

152

359

1 772

4

1

14

25

49

150

359

1 373

5

2

16

28

51

150

350

1 090

6

3

19

30

54

150

337

885

7

5

21

32

56

150

321

732

8

5

22

33

59

150

304

615

9

5

23

35

61

150

287

524

10

6

24

36

63

150

270

451

11

6

24

37

64

150

254

392

12

6

25

37

64

150

243

343

13

6

25

37

64

150

243

302

14

6

25

37

64

150

243

268

15

6

25

40

64

150

243

243

16

6

25

42

64

150

243

243

17

6

25

44

64

150

243

243

18

6

25

47

64

150

243

243

19

7

25

49

64

150

243

243

20

8

25

52

64

150

243

243

21

8

25

54

64

150

243

243

22

9

25

56

64

150

243

243

23

9

25

59

64

150

243

243

24

9

25

61

64

150

243

243

25

10

25

64

65

150

243

243

26

10

25

66

67

150

243

243

27

11

25

69

68

150

243

243

28

11

25

71

70

150

243

243

29

11

25

74

72

150

243

243

30

12

26

76

73

150

243

243

3.7   Pound sterling

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 10 | 22 | 44 | 176 | 308 | 3 177 |
| 2 | 0 | 10 | 22 | 44 | 176 | 349 | 2 378 |
| 3 | 1 | 10 | 23 | 49 | 171 | 364 | 1802 |
| 4 | 1 | 13 | 26 | 54 | 168 | 364 | 1 396 |
| 5 | 2 | 16 | 28 | 58 | 167 | 355 | 1107 |
| 6 | 2 | 18 | 32 | 59 | 166 | 341 | 898 |
| 7 | 4 | 21 | 36 | 60 | 165 | 325 | 742 |
| 8 | 6 | 24 | 37 | 59 | 164 | 308 | 624 |
| 9 | 9 | 30 | 42 | 58 | 163 | 290 | 531 |
| 10 | 11 | 34 | 42 | 58 | 162 | 273 | 457 |
| 11 | 10 | 33 | 42 | 57 | 161 | 257 | 397 |
| 12 | 9 | 32 | 42 | 57 | 160 | 253 | 347 |
| 13 | 8 | 31 | 42 | 58 | 160 | 253 | 306 |
| 14 | 8 | 31 | 43 | 58 | 159 | 252 | 271 |
| 15 | 9 | 31 | 43 | 58 | 158 | 251 | 251 |
| 16 | 9 | 31 | 44 | 58 | 157 | 250 | 250 |
| 17 | 9 | 31 | 45 | 58 | 156 | 249 | 249 |
| 18 | 9 | 31 | 48 | 58 | 156 | 249 | 249 |
| 19 | 9 | 31 | 49 | 58 | 156 | 249 | 249 |
| 20 | 9 | 31 | 52 | 58 | 156 | 249 | 249 |
| 21 | 9 | 32 | 55 | 58 | 156 | 249 | 249 |
| 22 | 9 | 32 | 57 | 60 | 156 | 249 | 249 |
| 23 | 9 | 32 | 59 | 61 | 155 | 248 | 248 |
| 24 | 9 | 32 | 61 | 63 | 154 | 248 | 248 |
| 25 | 10 | 32 | 64 | 65 | 154 | 247 | 247 |
| 26 | 10 | 32 | 66 | 67 | 153 | 246 | 246 |
| 27 | 11 | 32 | 69 | 69 | 153 | 246 | 246 |
| 28 | 11 | 32 | 71 | 71 | 152 | 245 | 245 |
| 29 | 11 | 32 | 74 | 73 | 152 | 245 | 245 |
| 30 | 12 | 32 | 76 | 75 | 151 | 244 | 244 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

10

22

44

176

308

3 177

2

0

10

22

44

176

349

2 378

3

1

10

23

49

171

364

1802

4

1

13

26

54

168

364

1 396

5

2

16

28

58

167

355

1107

6

2

18

32

59

166

341

898

7

4

21

36

60

165

325

742

8

6

24

37

59

164

308

624

9

9

30

42

58

163

290

531

10

11

34

42

58

162

273

457

11

10

33

42

57

161

257

397

12

9

32

42

57

160

253

347

13

8

31

42

58

160

253

306

14

8

31

43

58

159

252

271

15

9

31

43

58

158

251

251

16

9

31

44

58

157

250

250

17

9

31

45

58

156

249

249

18

9

31

48

58

156

249

249

19

9

31

49

58

156

249

249

20

9

31

52

58

156

249

249

21

9

32

55

58

156

249

249

22

9

32

57

60

156

249

249

23

9

32

59

61

155

248

248

24

9

32

61

63

154

248

248

25

10

32

64

65

154

247

247

26

10

32

66

67

153

246

246

27

11

32

69

69

153

246

246

28

11

32

71

71

152

245

245

29

11

32

74

73

152

245

245

30

12

32

76

75

151

244

244

3.8   Romanian leu

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 80 | 92 | 98 | 119 | 236 | 331 | 3 282 |
| 2 | 78 | 90 | 97 | 118 | 235 | 363 | 2 474 |
| 3 | 77 | 90 | 98 | 122 | 229 | 380 | 1 883 |
| 4 | 75 | 89 | 99 | 124 | 225 | 381 | 1 463 |
| 5 | 74 | 89 | 100 | 124 | 222 | 372 | 1 163 |
| 6 | 74 | 90 | 101 | 125 | 221 | 359 | 944 |
| 7 | 73 | 90 | 100 | 125 | 219 | 343 | 782 |
| 8 | 71 | 89 | 100 | 125 | 217 | 325 | 657 |
| 9 | 70 | 88 | 99 | 126 | 215 | 308 | 560 |
| 10 | 69 | 87 | 99 | 127 | 213 | 306 | 482 |
| 11 | 68 | 86 | 99 | 126 | 212 | 305 | 419 |
| 12 | 66 | 85 | 97 | 125 | 210 | 304 | 366 |
| 13 | 65 | 84 | 96 | 123 | 209 | 302 | 322 |
| 14 | 64 | 82 | 95 | 122 | 208 | 301 | 301 |
| 15 | 62 | 81 | 93 | 121 | 206 | 299 | 299 |
| 16 | 61 | 80 | 92 | 120 | 205 | 298 | 298 |
| 17 | 60 | 79 | 91 | 119 | 204 | 297 | 297 |
| 18 | 59 | 78 | 90 | 118 | 203 | 296 | 296 |
| 19 | 59 | 77 | 90 | 117 | 202 | 296 | 296 |
| 20 | 58 | 76 | 89 | 116 | 202 | 295 | 295 |
| 21 | 57 | 75 | 88 | 115 | 201 | 294 | 294 |
| 22 | 56 | 74 | 87 | 114 | 200 | 293 | 293 |
| 23 | 55 | 73 | 86 | 113 | 199 | 292 | 292 |
| 24 | 54 | 72 | 85 | 112 | 198 | 291 | 291 |
| 25 | 52 | 71 | 83 | 111 | 196 | 290 | 290 |
| 26 | 51 | 70 | 82 | 110 | 195 | 288 | 288 |
| 27 | 50 | 69 | 81 | 109 | 194 | 287 | 287 |
| 28 | 49 | 68 | 80 | 108 | 193 | 286 | 286 |
| 29 | 48 | 67 | 79 | 106 | 192 | 285 | 285 |
| 30 | 47 | 66 | 80 | 105 | 191 | 284 | 284 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

80

92

98

119

236

331

3 282

2

78

90

97

118

235

363

2 474

3

77

90

98

122

229

380

1 883

4

75

89

99

124

225

381

1 463

5

74

89

100

124

222

372

1 163

6

74

90

101

125

221

359

944

7

73

90

100

125

219

343

782

8

71

89

100

125

217

325

657

9

70

88

99

126

215

308

560

10

69

87

99

127

213

306

482

11

68

86

99

126

212

305

419

12

66

85

97

125

210

304

366

13

65

84

96

123

209

302

322

14

64

82

95

122

208

301

301

15

62

81

93

121

206

299

299

16

61

80

92

120

205

298

298

17

60

79

91

119

204

297

297

18

59

78

90

118

203

296

296

19

59

77

90

117

202

296

296

20

58

76

89

116

202

295

295

21

57

75

88

115

201

294

294

22

56

74

87

114

200

293

293

23

55

73

86

113

199

292

292

24

54

72

85

112

198

291

291

25

52

71

83

111

196

290

290

26

51

70

82

110

195

288

288

27

50

69

81

109

194

287

287

28

49

68

80

108

193

286

286

29

48

67

79

106

192

285

285

30

47

66

80

105

191

284

284

3.9   Zloty

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 52 | 65 | 71 | 92 | 209 | 314 | 3 247 |
| 2 | 52 | 64 | 70 | 91 | 208 | 358 | 2 438 |
| 3 | 51 | 64 | 72 | 96 | 203 | 374 | 1 852 |
| 4 | 50 | 64 | 74 | 99 | 200 | 374 | 1 437 |
| 5 | 50 | 65 | 76 | 99 | 198 | 366 | 1 141 |
| 6 | 50 | 65 | 77 | 101 | 197 | 352 | 927 |
| 7 | 50 | 67 | 77 | 102 | 195 | 336 | 767 |
| 8 | 49 | 66 | 77 | 103 | 194 | 319 | 645 |
| 9 | 48 | 66 | 77 | 104 | 193 | 301 | 549 |
| 10 | 47 | 65 | 78 | 105 | 192 | 285 | 473 |
| 11 | 47 | 65 | 77 | 105 | 191 | 284 | 411 |
| 12 | 46 | 64 | 77 | 104 | 190 | 283 | 359 |
| 13 | 45 | 64 | 76 | 104 | 189 | 282 | 316 |
| 14 | 45 | 63 | 76 | 103 | 189 | 282 | 282 |
| 15 | 44 | 63 | 75 | 103 | 188 | 281 | 281 |
| 16 | 43 | 62 | 74 | 102 | 187 | 280 | 280 |
| 17 | 43 | 61 | 74 | 101 | 187 | 280 | 280 |
| 18 | 42 | 61 | 73 | 101 | 186 | 279 | 279 |
| 19 | 42 | 60 | 73 | 100 | 186 | 279 | 279 |
| 20 | 42 | 60 | 73 | 100 | 186 | 279 | 279 |
| 21 | 41 | 60 | 72 | 100 | 185 | 278 | 278 |
| 22 | 41 | 60 | 72 | 99 | 185 | 278 | 278 |
| 23 | 40 | 59 | 71 | 99 | 184 | 277 | 277 |
| 24 | 40 | 58 | 71 | 98 | 184 | 277 | 277 |
| 25 | 39 | 58 | 70 | 97 | 183 | 276 | 276 |
| 26 | 38 | 57 | 69 | 97 | 182 | 275 | 275 |
| 27 | 38 | 56 | 72 | 96 | 182 | 275 | 275 |
| 28 | 37 | 56 | 74 | 95 | 181 | 274 | 274 |
| 29 | 36 | 55 | 76 | 95 | 180 | 273 | 273 |
| 30 | 35 | 54 | 79 | 94 | 179 | 273 | 273 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

52

65

71

92

209

314

3 247

2

52

64

70

91

208

358

2 438

3

51

64

72

96

203

374

1 852

4

50

64

74

99

200

374

1 437

5

50

65

76

99

198

366

1 141

6

50

65

77

101

197

352

927

7

50

67

77

102

195

336

767

8

49

66

77

103

194

319

645

9

48

66

77

104

193

301

549

10

47

65

78

105

192

285

473

11

47

65

77

105

191

284

411

12

46

64

77

104

190

283

359

13

45

64

76

104

189

282

316

14

45

63

76

103

189

282

282

15

44

63

75

103

188

281

281

16

43

62

74

102

187

280

280

17

43

61

74

101

187

280

280

18

42

61

73

101

186

279

279

19

42

60

73

100

186

279

279

20

42

60

73

100

186

279

279

21

41

60

72

100

185

278

278

22

41

60

72

99

185

278

278

23

40

59

71

99

184

277

277

24

40

58

71

98

184

277

277

25

39

58

70

97

183

276

276

26

38

57

69

97

182

275

275

27

38

56

72

96

182

275

275

28

37

56

74

95

181

274

274

29

36

55

76

95

180

273

273

30

35

54

79

94

179

273

273

3.10   Króna

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 86 | 98 | 105 | 126 | 243 | 337 | 3 364 |
| 2 | 86 | 98 | 105 | 126 | 242 | 369 | 2523 |
| 3 | 84 | 97 | 105 | 129 | 236 | 384 | 1 911 |
| 4 | 83 | 97 | 107 | 131 | 232 | 383 | 1 478 |
| 5 | 83 | 98 | 109 | 133 | 231 | 373 | 1 170 |
| 6 | 84 | 100 | 111 | 135 | 231 | 358 | 946 |
| 7 | 85 | 102 | 112 | 137 | 231 | 340 | 780 |
| 8 | 85 | 103 | 114 | 139 | 231 | 324 | 653 |
| 9 | 86 | 104 | 115 | 142 | 231 | 324 | 555 |
| 10 | 86 | 105 | 117 | 144 | 231 | 324 | 476 |
| 11 | 86 | 105 | 117 | 145 | 230 | 324 | 413 |
| 12 | 86 | 104 | 117 | 144 | 230 | 323 | 361 |
| 13 | 85 | 103 | 116 | 143 | 229 | 322 | 322 |
| 14 | 84 | 102 | 115 | 142 | 228 | 321 | 321 |
| 15 | 83 | 101 | 114 | 141 | 227 | 320 | 320 |
| 16 | 82 | 100 | 113 | 140 | 226 | 319 | 319 |
| 17 | 81 | 99 | 112 | 139 | 225 | 318 | 318 |
| 18 | 80 | 98 | 111 | 138 | 223 | 317 | 317 |
| 19 | 78 | 97 | 109 | 137 | 222 | 316 | 316 |
| 20 | 77 | 96 | 108 | 136 | 221 | 314 | 314 |
| 21 | 76 | 95 | 107 | 135 | 220 | 313 | 313 |
| 22 | 75 | 93 | 106 | 133 | 219 | 312 | 312 |
| 23 | 73 | 92 | 104 | 132 | 217 | 310 | 310 |
| 24 | 72 | 90 | 103 | 130 | 216 | 309 | 309 |
| 25 | 70 | 89 | 101 | 129 | 214 | 307 | 307 |
| 26 | 69 | 87 | 100 | 127 | 213 | 306 | 306 |
| 27 | 67 | 86 | 98 | 126 | 211 | 304 | 304 |
| 28 | 66 | 84 | 97 | 124 | 210 | 303 | 303 |
| 29 | 64 | 83 | 95 | 123 | 208 | 301 | 301 |
| 30 | 63 | 81 | 94 | 121 | 207 | 300 | 300 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

86

98

105

126

243

337

3 364

2

86

98

105

126

242

369

2523

3

84

97

105

129

236

384

1 911

4

83

97

107

131

232

383

1 478

5

83

98

109

133

231

373

1 170

6

84

100

111

135

231

358

946

7

85

102

112

137

231

340

780

8

85

103

114

139

231

324

653

9

86

104

115

142

231

324

555

10

86

105

117

144

231

324

476

11

86

105

117

145

230

324

413

12

86

104

117

144

230

323

361

13

85

103

116

143

229

322

322

14

84

102

115

142

228

321

321

15

83

101

114

141

227

320

320

16

82

100

113

140

226

319

319

17

81

99

112

139

225

318

318

18

80

98

111

138

223

317

317

19

78

97

109

137

222

316

316

20

77

96

108

136

221

314

314

21

76

95

107

135

220

313

313

22

75

93

106

133

219

312

312

23

73

92

104

132

217

310

310

24

72

90

103

130

216

309

309

25

70

89

101

129

214

307

307

26

69

87

100

127

213

306

306

27

67

86

98

126

211

304

304

28

66

84

97

124

210

303

303

29

64

83

95

123

208

301

301

30

63

81

94

121

207

300

300

3.11   Norwegian krone

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 27 | 39 | 45 | 66 | 183 | 304 | 3 129 |
| 2 | 27 | 39 | 46 | 67 | 184 | 345 | 2 346 |
| 3 | 26 | 39 | 47 | 71 | 178 | 360 | 1 779 |
| 4 | 25 | 39 | 49 | 74 | 175 | 360 | 1 378 |
| 5 | 26 | 40 | 52 | 75 | 174 | 351 | 1 094 |
| 6 | 26 | 42 | 53 | 78 | 173 | 338 | 888 |
| 7 | 27 | 44 | 54 | 79 | 172 | 322 | 735 |
| 8 | 26 | 44 | 55 | 80 | 172 | 305 | 618 |
| 9 | 26 | 44 | 56 | 82 | 171 | 288 | 526 |
| 10 | 26 | 44 | 57 | 84 | 170 | 271 | 453 |
| 11 | 25 | 44 | 56 | 84 | 170 | 263 | 393 |
| 12 | 25 | 43 | 56 | 83 | 169 | 262 | 344 |
| 13 | 24 | 43 | 55 | 83 | 168 | 261 | 303 |
| 14 | 24 | 42 | 55 | 82 | 168 | 261 | 269 |
| 15 | 23 | 42 | 54 | 82 | 167 | 260 | 260 |
| 16 | 23 | 41 | 54 | 81 | 167 | 260 | 260 |
| 17 | 22 | 41 | 53 | 81 | 166 | 259 | 259 |
| 18 | 22 | 41 | 53 | 80 | 166 | 259 | 259 |
| 19 | 22 | 41 | 53 | 80 | 166 | 259 | 259 |
| 20 | 22 | 41 | 53 | 80 | 166 | 259 | 259 |
| 21 | 22 | 41 | 55 | 80 | 166 | 259 | 259 |
| 22 | 22 | 41 | 56 | 80 | 166 | 259 | 259 |
| 23 | 22 | 40 | 59 | 80 | 166 | 259 | 259 |
| 24 | 22 | 40 | 61 | 80 | 166 | 259 | 259 |
| 25 | 21 | 40 | 64 | 80 | 165 | 258 | 258 |
| 26 | 21 | 40 | 66 | 79 | 165 | 258 | 258 |
| 27 | 21 | 39 | 69 | 79 | 165 | 258 | 258 |
| 28 | 21 | 39 | 71 | 79 | 164 | 258 | 258 |
| 29 | 20 | 39 | 74 | 79 | 164 | 257 | 257 |
| 30 | 20 | 38 | 76 | 78 | 164 | 257 | 257 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

27

39

45

66

183

304

3 129

2

27

39

46

67

184

345

2 346

3

26

39

47

71

178

360

1 779

4

25

39

49

74

175

360

1 378

5

26

40

52

75

174

351

1 094

6

26

42

53

78

173

338

888

7

27

44

54

79

172

322

735

8

26

44

55

80

172

305

618

9

26

44

56

82

171

288

526

10

26

44

57

84

170

271

453

11

25

44

56

84

170

263

393

12

25

43

56

83

169

262

344

13

24

43

55

83

168

261

303

14

24

42

55

82

168

261

269

15

23

42

54

82

167

260

260

16

23

41

54

81

167

260

260

17

22

41

53

81

166

259

259

18

22

41

53

80

166

259

259

19

22

41

53

80

166

259

259

20

22

41

53

80

166

259

259

21

22

41

55

80

166

259

259

22

22

41

56

80

166

259

259

23

22

40

59

80

166

259

259

24

22

40

61

80

166

259

259

25

21

40

64

80

165

258

258

26

21

40

66

79

165

258

258

27

21

39

69

79

165

258

258

28

21

39

71

79

164

258

258

29

20

39

74

79

164

257

257

30

20

38

76

78

164

257

257

3.12   Swiss franc

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 0 | 4 | 23 | 140 | 297 | 3 047 |
| 2 | 0 | 1 | 6 | 24 | 140 | 337 | 2 286 |
| 3 | 1 | 1 | 9 | 29 | 136 | 352 | 1 735 |
| 4 | 1 | 3 | 12 | 33 | 133 | 353 | 1 346 |
| 5 | 1 | 4 | 15 | 35 | 134 | 345 | 1 070 |
| 6 | 2 | 4 | 17 | 38 | 134 | 332 | 869 |
| 7 | 2 | 6 | 20 | 40 | 134 | 316 | 719 |
| 8 | 2 | 7 | 22 | 42 | 134 | 300 | 605 |
| 9 | 4 | 7 | 24 | 45 | 134 | 283 | 516 |
| 10 | 4 | 9 | 27 | 47 | 134 | 266 | 444 |
| 11 | 4 | 9 | 30 | 49 | 134 | 250 | 386 |
| 12 | 4 | 10 | 32 | 48 | 133 | 235 | 338 |
| 13 | 5 | 11 | 34 | 48 | 134 | 227 | 298 |
| 14 | 5 | 11 | 37 | 48 | 134 | 227 | 264 |
| 15 | 6 | 13 | 39 | 47 | 133 | 226 | 235 |
| 16 | 6 | 13 | 41 | 46 | 132 | 225 | 225 |
| 17 | 6 | 15 | 44 | 49 | 132 | 225 | 225 |
| 18 | 6 | 15 | 47 | 50 | 132 | 225 | 225 |
| 19 | 7 | 16 | 48 | 52 | 132 | 225 | 225 |
| 20 | 7 | 17 | 51 | 54 | 133 | 226 | 226 |
| 21 | 8 | 18 | 53 | 57 | 133 | 226 | 226 |
| 22 | 9 | 19 | 56 | 58 | 133 | 226 | 226 |
| 23 | 9 | 20 | 59 | 60 | 133 | 226 | 226 |
| 24 | 9 | 20 | 60 | 62 | 133 | 226 | 226 |
| 25 | 10 | 22 | 63 | 63 | 134 | 226 | 226 |
| 26 | 10 | 22 | 65 | 65 | 134 | 226 | 226 |
| 27 | 10 | 23 | 68 | 67 | 135 | 226 | 226 |
| 28 | 11 | 24 | 70 | 69 | 137 | 226 | 226 |
| 29 | 11 | 25 | 72 | 71 | 138 | 225 | 225 |
| 30 | 12 | 26 | 75 | 73 | 139 | 225 | 225 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

0

4

23

140

297

3 047

2

0

1

6

24

140

337

2 286

3

1

1

9

29

136

352

1 735

4

1

3

12

33

133

353

1 346

5

1

4

15

35

134

345

1 070

6

2

4

17

38

134

332

869

7

2

6

20

40

134

316

719

8

2

7

22

42

134

300

605

9

4

7

24

45

134

283

516

10

4

9

27

47

134

266

444

11

4

9

30

49

134

250

386

12

4

10

32

48

133

235

338

13

5

11

34

48

134

227

298

14

5

11

37

48

134

227

264

15

6

13

39

47

133

226

235

16

6

13

41

46

132

225

225

17

6

15

44

49

132

225

225

18

6

15

47

50

132

225

225

19

7

16

48

52

132

225

225

20

7

17

51

54

133

226

226

21

8

18

53

57

133

226

226

22

9

19

56

58

133

226

226

23

9

20

59

60

133

226

226

24

9

20

60

62

133

226

226

25

10

22

63

63

134

226

226

26

10

22

65

65

134

226

226

27

10

23

68

67

135

226

226

28

11

24

70

69

137

226

226

29

11

25

72

71

138

225

225

30

12

26

75

73

139

225

225

3.13   Australian dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 40 | 52 | 58 | 79 | 196 | 304 | 3 132 |
| 2 | 40 | 52 | 59 | 80 | 196 | 346 | 2 349 |
| 3 | 39 | 52 | 60 | 84 | 191 | 361 | 1 782 |
| 4 | 39 | 53 | 63 | 87 | 188 | 361 | 1 381 |
| 5 | 39 | 54 | 65 | 88 | 187 | 353 | 1 098 |
| 6 | 40 | 55 | 66 | 91 | 186 | 340 | 892 |
| 7 | 40 | 57 | 68 | 92 | 186 | 324 | 739 |
| 8 | 40 | 57 | 68 | 93 | 185 | 308 | 622 |
| 9 | 39 | 57 | 69 | 95 | 184 | 291 | 530 |
| 10 | 39 | 57 | 69 | 97 | 183 | 276 | 457 |
| 11 | 38 | 57 | 69 | 97 | 182 | 276 | 397 |
| 12 | 38 | 56 | 69 | 96 | 182 | 275 | 347 |
| 13 | 37 | 56 | 68 | 96 | 181 | 274 | 306 |
| 14 | 37 | 55 | 68 | 95 | 181 | 274 | 274 |
| 15 | 36 | 55 | 67 | 94 | 180 | 273 | 273 |
| 16 | 35 | 54 | 66 | 94 | 179 | 272 | 272 |
| 17 | 35 | 54 | 66 | 93 | 179 | 272 | 272 |
| 18 | 34 | 53 | 65 | 93 | 178 | 272 | 272 |
| 19 | 34 | 53 | 65 | 92 | 178 | 271 | 271 |
| 20 | 34 | 52 | 65 | 92 | 178 | 271 | 271 |
| 21 | 34 | 52 | 65 | 92 | 177 | 271 | 271 |
| 22 | 33 | 52 | 64 | 91 | 177 | 270 | 270 |
| 23 | 33 | 51 | 64 | 91 | 176 | 270 | 270 |
| 24 | 32 | 50 | 63 | 90 | 176 | 269 | 269 |
| 25 | 31 | 50 | 64 | 90 | 175 | 268 | 268 |
| 26 | 30 | 49 | 67 | 89 | 174 | 267 | 267 |
| 27 | 30 | 48 | 69 | 88 | 174 | 267 | 267 |
| 28 | 29 | 47 | 71 | 87 | 173 | 266 | 266 |
| 29 | 28 | 47 | 74 | 87 | 172 | 265 | 265 |
| 30 | 27 | 46 | 77 | 86 | 171 | 265 | 265 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

40

52

58

79

196

304

3 132

2

40

52

59

80

196

346

2 349

3

39

52

60

84

191

361

1 782

4

39

53

63

87

188

361

1 381

5

39

54

65

88

187

353

1 098

6

40

55

66

91

186

340

892

7

40

57

68

92

186

324

739

8

40

57

68

93

185

308

622

9

39

57

69

95

184

291

530

10

39

57

69

97

183

276

457

11

38

57

69

97

182

276

397

12

38

56

69

96

182

275

347

13

37

56

68

96

181

274

306

14

37

55

68

95

181

274

274

15

36

55

67

94

180

273

273

16

35

54

66

94

179

272

272

17

35

54

66

93

179

272

272

18

34

53

65

93

178

272

272

19

34

53

65

92

178

271

271

20

34

52

65

92

178

271

271

21

34

52

65

92

177

271

271

22

33

52

64

91

177

270

270

23

33

51

64

91

176

270

270

24

32

50

63

90

176

269

269

25

31

50

64

90

175

268

268

26

30

49

67

89

174

267

267

27

30

48

69

88

174

267

267

28

29

47

71

87

173

266

266

29

28

47

74

87

172

265

265

30

27

46

77

86

171

265

265

3.14   Baht

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 12 | 24 | 31 | 52 | 169 | 296 | 3 044 |
| 2 | 16 | 28 | 34 | 55 | 172 | 337 | 2 283 |
| 3 | 18 | 31 | 39 | 63 | 170 | 352 | 1 733 |
| 4 | 21 | 35 | 45 | 69 | 170 | 352 | 1 346 |
| 5 | 23 | 38 | 49 | 73 | 171 | 345 | 1 070 |
| 6 | 23 | 39 | 50 | 74 | 170 | 332 | 870 |
| 7 | 28 | 44 | 55 | 79 | 173 | 317 | 721 |
| 8 | 27 | 44 | 55 | 81 | 172 | 301 | 607 |
| 9 | 28 | 46 | 57 | 84 | 173 | 284 | 517 |
| 10 | 30 | 48 | 60 | 87 | 174 | 268 | 446 |
| 11 | 31 | 49 | 62 | 89 | 175 | 268 | 388 |
| 12 | 32 | 50 | 63 | 90 | 176 | 269 | 340 |
| 13 | 32 | 51 | 63 | 91 | 176 | 269 | 299 |
| 14 | 33 | 51 | 64 | 91 | 176 | 270 | 270 |
| 15 | 33 | 51 | 64 | 91 | 177 | 270 | 270 |
| 16 | 32 | 51 | 63 | 91 | 176 | 269 | 269 |
| 17 | 33 | 51 | 64 | 91 | 176 | 270 | 270 |
| 18 | 32 | 51 | 63 | 90 | 176 | 269 | 269 |
| 19 | 32 | 50 | 63 | 90 | 176 | 269 | 269 |
| 20 | 32 | 50 | 63 | 90 | 176 | 269 | 269 |
| 21 | 32 | 50 | 63 | 90 | 176 | 269 | 269 |
| 22 | 32 | 50 | 63 | 90 | 176 | 269 | 269 |
| 23 | 31 | 50 | 62 | 90 | 175 | 268 | 268 |
| 24 | 31 | 50 | 62 | 89 | 175 | 268 | 268 |
| 25 | 30 | 49 | 64 | 89 | 174 | 268 | 268 |
| 26 | 30 | 49 | 66 | 88 | 174 | 267 | 267 |
| 27 | 29 | 48 | 69 | 88 | 173 | 267 | 267 |
| 28 | 29 | 48 | 71 | 87 | 173 | 266 | 266 |
| 29 | 28 | 47 | 74 | 87 | 172 | 265 | 265 |
| 30 | 28 | 47 | 76 | 86 | 172 | 265 | 265 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

12

24

31

52

169

296

3 044

2

16

28

34

55

172

337

2 283

3

18

31

39

63

170

352

1 733

4

21

35

45

69

170

352

1 346

5

23

38

49

73

171

345

1 070

6

23

39

50

74

170

332

870

7

28

44

55

79

173

317

721

8

27

44

55

81

172

301

607

9

28

46

57

84

173

284

517

10

30

48

60

87

174

268

446

11

31

49

62

89

175

268

388

12

32

50

63

90

176

269

340

13

32

51

63

91

176

269

299

14

33

51

64

91

176

270

270

15

33

51

64

91

177

270

270

16

32

51

63

91

176

269

269

17

33

51

64

91

176

270

270

18

32

51

63

90

176

269

269

19

32

50

63

90

176

269

269

20

32

50

63

90

176

269

269

21

32

50

63

90

176

269

269

22

32

50

63

90

176

269

269

23

31

50

62

90

175

268

268

24

31

50

62

89

175

268

268

25

30

49

64

89

174

268

268

26

30

49

66

88

174

267

267

27

29

48

69

88

173

267

267

28

29

48

71

87

173

266

266

29

28

47

74

87

172

265

265

30

28

47

76

86

172

265

265

3.15   Canadian dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 14 | 26 | 32 | 53 | 170 | 307 | 3 163 |
| 2 | 15 | 27 | 33 | 54 | 171 | 348 | 2 367 |
| 3 | 15 | 28 | 36 | 60 | 167 | 362 | 1 789 |
| 4 | 16 | 29 | 39 | 64 | 165 | 361 | 1 384 |
| 5 | 16 | 31 | 42 | 66 | 165 | 352 | 1 097 |
| 6 | 18 | 34 | 45 | 69 | 165 | 338 | 890 |
| 7 | 19 | 36 | 46 | 71 | 165 | 323 | 737 |
| 8 | 19 | 37 | 48 | 73 | 165 | 306 | 619 |
| 9 | 20 | 38 | 49 | 76 | 165 | 289 | 527 |
| 10 | 20 | 39 | 51 | 78 | 165 | 272 | 454 |
| 11 | 21 | 39 | 52 | 79 | 165 | 258 | 395 |
| 12 | 21 | 39 | 52 | 79 | 165 | 258 | 345 |
| 13 | 21 | 40 | 52 | 79 | 165 | 258 | 304 |
| 14 | 21 | 40 | 52 | 79 | 165 | 258 | 269 |
| 15 | 21 | 40 | 52 | 79 | 165 | 258 | 258 |
| 16 | 21 | 39 | 52 | 79 | 165 | 258 | 258 |
| 17 | 21 | 39 | 52 | 79 | 165 | 258 | 258 |
| 18 | 21 | 39 | 52 | 79 | 165 | 258 | 258 |
| 19 | 21 | 39 | 52 | 79 | 165 | 258 | 258 |
| 20 | 21 | 39 | 52 | 79 | 165 | 258 | 258 |
| 21 | 21 | 39 | 55 | 79 | 165 | 258 | 258 |
| 22 | 20 | 39 | 56 | 79 | 164 | 258 | 258 |
| 23 | 20 | 39 | 59 | 78 | 164 | 257 | 257 |
| 24 | 20 | 38 | 61 | 78 | 164 | 257 | 257 |
| 25 | 19 | 38 | 64 | 77 | 163 | 256 | 256 |
| 26 | 19 | 37 | 66 | 77 | 163 | 256 | 256 |
| 27 | 18 | 37 | 69 | 77 | 162 | 255 | 255 |
| 28 | 18 | 36 | 71 | 76 | 162 | 255 | 255 |
| 29 | 17 | 36 | 74 | 76 | 161 | 254 | 254 |
| 30 | 17 | 36 | 76 | 75 | 161 | 254 | 254 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

14

26

32

53

170

307

3 163

2

15

27

33

54

171

348

2 367

3

15

28

36

60

167

362

1 789

4

16

29

39

64

165

361

1 384

5

16

31

42

66

165

352

1 097

6

18

34

45

69

165

338

890

7

19

36

46

71

165

323

737

8

19

37

48

73

165

306

619

9

20

38

49

76

165

289

527

10

20

39

51

78

165

272

454

11

21

39

52

79

165

258

395

12

21

39

52

79

165

258

345

13

21

40

52

79

165

258

304

14

21

40

52

79

165

258

269

15

21

40

52

79

165

258

258

16

21

39

52

79

165

258

258

17

21

39

52

79

165

258

258

18

21

39

52

79

165

258

258

19

21

39

52

79

165

258

258

20

21

39

52

79

165

258

258

21

21

39

55

79

165

258

258

22

20

39

56

79

164

258

258

23

20

39

59

78

164

257

257

24

20

38

61

78

164

257

257

25

19

38

64

77

163

256

256

26

19

37

66

77

163

256

256

27

18

37

69

77

162

255

255

28

18

36

71

76

162

255

255

29

17

36

74

76

161

254

254

30

17

36

76

75

161

254

254

3.16   Chilean peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 48 | 60 | 67 | 88 | 205 | 322 | 3 328 |
| 2 | 50 | 62 | 69 | 90 | 207 | 362 | 2 478 |
| 3 | 52 | 65 | 74 | 97 | 204 | 376 | 1 872 |
| 4 | 53 | 67 | 77 | 102 | 203 | 375 | 1 446 |
| 5 | 55 | 70 | 81 | 105 | 203 | 365 | 1 145 |
| 6 | 57 | 73 | 84 | 108 | 204 | 351 | 928 |
| 7 | 58 | 75 | 86 | 110 | 204 | 334 | 766 |
| 8 | 58 | 76 | 87 | 112 | 204 | 316 | 643 |
| 9 | 59 | 77 | 88 | 115 | 204 | 298 | 547 |
| 10 | 59 | 77 | 90 | 117 | 203 | 297 | 471 |
| 11 | 59 | 78 | 90 | 117 | 203 | 296 | 409 |
| 12 | 59 | 77 | 90 | 117 | 203 | 296 | 357 |
| 13 | 58 | 77 | 89 | 116 | 202 | 295 | 315 |
| 14 | 57 | 76 | 88 | 116 | 201 | 294 | 294 |
| 15 | 57 | 75 | 88 | 115 | 200 | 294 | 294 |
| 16 | 56 | 74 | 87 | 114 | 200 | 293 | 293 |
| 17 | 55 | 74 | 86 | 114 | 199 | 292 | 292 |
| 18 | 55 | 73 | 86 | 113 | 199 | 292 | 292 |
| 19 | 54 | 73 | 85 | 112 | 198 | 291 | 291 |
| 20 | 53 | 72 | 84 | 112 | 197 | 291 | 291 |
| 21 | 53 | 71 | 84 | 111 | 197 | 290 | 290 |
| 22 | 52 | 71 | 83 | 110 | 196 | 289 | 289 |
| 23 | 51 | 70 | 82 | 109 | 195 | 288 | 288 |
| 24 | 50 | 69 | 81 | 109 | 194 | 287 | 287 |
| 25 | 49 | 68 | 80 | 108 | 193 | 286 | 286 |
| 26 | 48 | 67 | 79 | 107 | 192 | 285 | 285 |
| 27 | 47 | 66 | 78 | 106 | 191 | 284 | 284 |
| 28 | 46 | 65 | 77 | 105 | 190 | 283 | 283 |
| 29 | 46 | 64 | 77 | 104 | 189 | 283 | 283 |
| 30 | 45 | 63 | 79 | 103 | 189 | 282 | 282 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

48

60

67

88

205

322

3 328

2

50

62

69

90

207

362

2 478

3

52

65

74

97

204

376

1 872

4

53

67

77

102

203

375

1 446

5

55

70

81

105

203

365

1 145

6

57

73

84

108

204

351

928

7

58

75

86

110

204

334

766

8

58

76

87

112

204

316

643

9

59

77

88

115

204

298

547

10

59

77

90

117

203

297

471

11

59

78

90

117

203

296

409

12

59

77

90

117

203

296

357

13

58

77

89

116

202

295

315

14

57

76

88

116

201

294

294

15

57

75

88

115

200

294

294

16

56

74

87

114

200

293

293

17

55

74

86

114

199

292

292

18

55

73

86

113

199

292

292

19

54

73

85

112

198

291

291

20

53

72

84

112

197

291

291

21

53

71

84

111

197

290

290

22

52

71

83

110

196

289

289

23

51

70

82

109

195

288

288

24

50

69

81

109

194

287

287

25

49

68

80

108

193

286

286

26

48

67

79

107

192

285

285

27

47

66

78

106

191

284

284

28

46

65

77

105

190

283

283

29

46

64

77

104

189

283

283

30

45

63

79

103

189

282

282

3.17   Colombian peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 79 | 91 | 98 | 119 | 235 | 335 | 3 475 |
| 2 | 84 | 96 | 103 | 124 | 240 | 382 | 2 625 |
| 3 | 85 | 98 | 106 | 130 | 237 | 401 | 1 999 |
| 4 | 85 | 99 | 109 | 134 | 235 | 402 | 1 554 |
| 5 | 89 | 103 | 115 | 138 | 237 | 394 | 1 236 |
| 6 | 91 | 107 | 118 | 142 | 238 | 380 | 1004 |
| 7 | 93 | 110 | 120 | 145 | 239 | 363 | 832 |
| 8 | 95 | 112 | 123 | 149 | 240 | 345 | 700 |
| 9 | 96 | 114 | 125 | 152 | 241 | 334 | 596 |
| 10 | 97 | 115 | 127 | 154 | 241 | 334 | 513 |
| 11 | 97 | 115 | 127 | 155 | 241 | 334 | 446 |
| 12 | 96 | 114 | 127 | 154 | 240 | 333 | 390 |
| 13 | 95 | 113 | 126 | 153 | 239 | 332 | 343 |
| 14 | 93 | 112 | 124 | 152 | 237 | 330 | 330 |
| 15 | 92 | 111 | 123 | 150 | 236 | 329 | 329 |
| 16 | 91 | 109 | 122 | 149 | 235 | 328 | 328 |
| 17 | 89 | 108 | 120 | 148 | 233 | 326 | 326 |
| 18 | 88 | 107 | 119 | 146 | 232 | 325 | 325 |
| 19 | 87 | 105 | 118 | 145 | 231 | 324 | 324 |
| 20 | 85 | 104 | 116 | 144 | 229 | 322 | 322 |
| 21 | 84 | 102 | 115 | 142 | 228 | 321 | 321 |
| 22 | 82 | 101 | 113 | 141 | 226 | 319 | 319 |
| 23 | 80 | 99 | 112 | 139 | 224 | 318 | 318 |
| 24 | 79 | 97 | 110 | 137 | 223 | 316 | 316 |
| 25 | 77 | 96 | 108 | 135 | 221 | 314 | 314 |
| 26 | 75 | 94 | 106 | 134 | 219 | 312 | 312 |
| 27 | 74 | 92 | 105 | 132 | 218 | 311 | 311 |
| 28 | 72 | 91 | 103 | 130 | 216 | 309 | 309 |
| 29 | 70 | 89 | 101 | 129 | 214 | 307 | 307 |
| 30 | 69 | 87 | 100 | 127 | 213 | 306 | 306 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

79

91

98

119

235

335

3 475

2

84

96

103

124

240

382

2 625

3

85

98

106

130

237

401

1 999

4

85

99

109

134

235

402

1 554

5

89

103

115

138

237

394

1 236

6

91

107

118

142

238

380

1004

7

93

110

120

145

239

363

832

8

95

112

123

149

240

345

700

9

96

114

125

152

241

334

596

10

97

115

127

154

241

334

513

11

97

115

127

155

241

334

446

12

96

114

127

154

240

333

390

13

95

113

126

153

239

332

343

14

93

112

124

152

237

330

330

15

92

111

123

150

236

329

329

16

91

109

122

149

235

328

328

17

89

108

120

148

233

326

326

18

88

107

119

146

232

325

325

19

87

105

118

145

231

324

324

20

85

104

116

144

229

322

322

21

84

102

115

142

228

321

321

22

82

101

113

141

226

319

319

23

80

99

112

139

224

318

318

24

79

97

110

137

223

316

316

25

77

96

108

135

221

314

314

26

75

94

106

134

219

312

312

27

74

92

105

132

218

311

311

28

72

91

103

130

216

309

309

29

70

89

101

129

214

307

307

30

69

87

100

127

213

306

306

3.18   Hong Kong dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 8 | 20 | 26 | 47 | 164 | 306 | 3 152 |
| 2 | 10 | 22 | 29 | 50 | 167 | 347 | 2 357 |
| 3 | 12 | 25 | 33 | 57 | 164 | 362 | 1 787 |
| 4 | 14 | 27 | 38 | 62 | 163 | 362 | 1 386 |
| 5 | 16 | 30 | 42 | 65 | 164 | 353 | 1 100 |
| 6 | 17 | 33 | 44 | 69 | 164 | 340 | 893 |
| 7 | 19 | 36 | 46 | 71 | 165 | 324 | 739 |
| 8 | 19 | 37 | 48 | 73 | 165 | 307 | 622 |
| 9 | 20 | 38 | 49 | 76 | 165 | 290 | 530 |
| 10 | 20 | 38 | 51 | 78 | 164 | 273 | 456 |
| 11 | 20 | 39 | 51 | 79 | 164 | 257 | 396 |
| 12 | 20 | 39 | 51 | 78 | 164 | 257 | 347 |
| 13 | 20 | 38 | 51 | 78 | 163 | 257 | 305 |
| 14 | 19 | 38 | 50 | 77 | 163 | 256 | 270 |
| 15 | 18 | 37 | 49 | 77 | 162 | 255 | 255 |
| 16 | 18 | 36 | 49 | 76 | 162 | 255 | 255 |
| 17 | 17 | 36 | 48 | 76 | 161 | 254 | 254 |
| 18 | 17 | 36 | 48 | 76 | 161 | 254 | 254 |
| 19 | 17 | 36 | 50 | 75 | 161 | 254 | 254 |
| 20 | 17 | 36 | 52 | 76 | 161 | 254 | 254 |
| 21 | 17 | 36 | 55 | 76 | 161 | 255 | 255 |
| 22 | 17 | 36 | 57 | 76 | 161 | 255 | 255 |
| 23 | 17 | 36 | 59 | 76 | 161 | 254 | 254 |
| 24 | 17 | 36 | 62 | 76 | 161 | 254 | 254 |
| 25 | 17 | 36 | 64 | 75 | 161 | 254 | 254 |
| 26 | 17 | 35 | 67 | 75 | 161 | 254 | 254 |
| 27 | 17 | 35 | 69 | 75 | 161 | 254 | 254 |
| 28 | 16 | 35 | 71 | 75 | 160 | 253 | 253 |
| 29 | 16 | 35 | 74 | 75 | 160 | 253 | 253 |
| 30 | 16 | 35 | 77 | 75 | 160 | 253 | 253 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

8

20

26

47

164

306

3 152

2

10

22

29

50

167

347

2 357

3

12

25

33

57

164

362

1 787

4

14

27

38

62

163

362

1 386

5

16

30

42

65

164

353

1 100

6

17

33

44

69

164

340

893

7

19

36

46

71

165

324

739

8

19

37

48

73

165

307

622

9

20

38

49

76

165

290

530

10

20

38

51

78

164

273

456

11

20

39

51

79

164

257

396

12

20

39

51

78

164

257

347

13

20

38

51

78

163

257

305

14

19

38

50

77

163

256

270

15

18

37

49

77

162

255

255

16

18

36

49

76

162

255

255

17

17

36

48

76

161

254

254

18

17

36

48

76

161

254

254

19

17

36

50

75

161

254

254

20

17

36

52

76

161

254

254

21

17

36

55

76

161

255

255

22

17

36

57

76

161

255

255

23

17

36

59

76

161

254

254

24

17

36

62

76

161

254

254

25

17

36

64

75

161

254

254

26

17

35

67

75

161

254

254

27

17

35

69

75

161

254

254

28

16

35

71

75

160

253

253

29

16

35

74

75

160

253

253

30

16

35

77

75

160

253

253

3.19   Indian rupee

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 90 | 102 | 108 | 129 | 246 | 341 | 3 308 |
| 2 | 91 | 103 | 110 | 131 | 247 | 364 | 2 486 |
| 3 | 91 | 104 | 112 | 136 | 243 | 381 | 1 889 |
| 4 | 92 | 105 | 116 | 140 | 241 | 381 | 1 466 |
| 5 | 93 | 107 | 119 | 142 | 241 | 373 | 1 165 |
| 6 | 94 | 110 | 121 | 145 | 241 | 359 | 946 |
| 7 | 95 | 112 | 122 | 147 | 240 | 343 | 783 |
| 8 | 95 | 112 | 123 | 149 | 240 | 333 | 659 |
| 9 | 95 | 113 | 124 | 151 | 240 | 333 | 561 |
| 10 | 94 | 112 | 124 | 152 | 238 | 331 | 483 |
| 11 | 93 | 111 | 124 | 151 | 237 | 330 | 420 |
| 12 | 91 | 110 | 122 | 149 | 235 | 328 | 367 |
| 13 | 89 | 108 | 120 | 148 | 233 | 326 | 326 |
| 14 | 88 | 106 | 119 | 146 | 232 | 325 | 325 |
| 15 | 86 | 105 | 117 | 144 | 230 | 323 | 323 |
| 16 | 84 | 103 | 115 | 143 | 228 | 321 | 321 |
| 17 | 83 | 101 | 114 | 141 | 227 | 320 | 320 |
| 18 | 81 | 100 | 112 | 140 | 225 | 318 | 318 |
| 19 | 80 | 99 | 111 | 138 | 224 | 317 | 317 |
| 20 | 79 | 98 | 110 | 137 | 223 | 316 | 316 |
| 21 | 78 | 97 | 109 | 136 | 222 | 315 | 315 |
| 22 | 77 | 95 | 108 | 135 | 221 | 314 | 314 |
| 23 | 76 | 94 | 107 | 134 | 220 | 313 | 313 |
| 24 | 74 | 93 | 105 | 133 | 218 | 311 | 311 |
| 25 | 73 | 92 | 104 | 132 | 217 | 310 | 310 |
| 26 | 72 | 91 | 103 | 130 | 216 | 309 | 309 |
| 27 | 71 | 89 | 102 | 129 | 215 | 308 | 308 |
| 28 | 70 | 88 | 101 | 128 | 214 | 307 | 307 |
| 29 | 68 | 87 | 99 | 127 | 212 | 306 | 306 |
| 30 | 67 | 86 | 98 | 126 | 211 | 304 | 304 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

90

102

108

129

246

341

3 308

2

91

103

110

131

247

364

2 486

3

91

104

112

136

243

381

1 889

4

92

105

116

140

241

381

1 466

5

93

107

119

142

241

373

1 165

6

94

110

121

145

241

359

946

7

95

112

122

147

240

343

783

8

95

112

123

149

240

333

659

9

95

113

124

151

240

333

561

10

94

112

124

152

238

331

483

11

93

111

124

151

237

330

420

12

91

110

122

149

235

328

367

13

89

108

120

148

233

326

326

14

88

106

119

146

232

325

325

15

86

105

117

144

230

323

323

16

84

103

115

143

228

321

321

17

83

101

114

141

227

320

320

18

81

100

112

140

225

318

318

19

80

99

111

138

224

317

317

20

79

98

110

137

223

316

316

21

78

97

109

136

222

315

315

22

77

95

108

135

221

314

314

23

76

94

107

134

220

313

313

24

74

93

105

133

218

311

311

25

73

92

104

132

217

310

310

26

72

91

103

130

216

309

309

27

71

89

102

129

215

308

308

28

70

88

101

128

214

307

307

29

68

87

99

127

212

306

306

30

67

86

98

126

211

304

304

3.20   Mexican peso

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 304 | 316 | 322 | 343 | 460 | 555 | 3 550 |
| 2 | 83 | 95 | 102 | 123 | 239 | 382 | 2 627 |
| 3 | 85 | 98 | 106 | 129 | 236 | 394 | 1 975 |
| 4 | 87 | 100 | 111 | 135 | 236 | 393 | 1 524 |
| 5 | 89 | 103 | 115 | 138 | 237 | 383 | 1207 |
| 6 | 91 | 106 | 118 | 142 | 238 | 368 | 978 |
| 7 | 93 | 109 | 120 | 144 | 238 | 351 | 808 |
| 8 | 93 | 111 | 122 | 147 | 239 | 332 | 679 |
| 9 | 94 | 112 | 123 | 150 | 239 | 332 | 578 |
| 10 | 94 | 113 | 125 | 152 | 239 | 332 | 497 |
| 11 | 94 | 113 | 125 | 153 | 239 | 332 | 431 |
| 12 | 95 | 113 | 126 | 153 | 239 | 332 | 377 |
| 13 | 95 | 114 | 126 | 153 | 239 | 332 | 332 |
| 14 | 95 | 114 | 126 | 154 | 239 | 332 | 332 |
| 15 | 96 | 115 | 127 | 154 | 240 | 333 | 333 |
| 16 | 97 | 116 | 128 | 155 | 241 | 334 | 334 |
| 17 | 98 | 116 | 129 | 156 | 242 | 335 | 335 |
| 18 | 99 | 117 | 130 | 157 | 243 | 336 | 336 |
| 19 | 99 | 118 | 130 | 158 | 243 | 336 | 336 |
| 20 | 100 | 118 | 131 | 158 | 244 | 337 | 337 |
| 21 | 100 | 118 | 131 | 158 | 244 | 337 | 337 |
| 22 | 99 | 118 | 130 | 158 | 243 | 336 | 336 |
| 23 | 99 | 117 | 130 | 157 | 243 | 336 | 336 |
| 24 | 98 | 116 | 129 | 156 | 242 | 335 | 335 |
| 25 | 96 | 115 | 128 | 155 | 240 | 334 | 334 |
| 26 | 95 | 114 | 126 | 154 | 239 | 332 | 332 |
| 27 | 94 | 112 | 125 | 152 | 238 | 331 | 331 |
| 28 | 92 | 111 | 123 | 151 | 236 | 329 | 329 |
| 29 | 91 | 110 | 122 | 149 | 235 | 328 | 328 |
| 30 | 89 | 108 | 120 | 148 | 233 | 327 | 327 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

304

316

322

343

460

555

3 550

2

83

95

102

123

239

382

2 627

3

85

98

106

129

236

394

1 975

4

87

100

111

135

236

393

1 524

5

89

103

115

138

237

383

1207

6

91

106

118

142

238

368

978

7

93

109

120

144

238

351

808

8

93

111

122

147

239

332

679

9

94

112

123

150

239

332

578

10

94

113

125

152

239

332

497

11

94

113

125

153

239

332

431

12

95

113

126

153

239

332

377

13

95

114

126

153

239

332

332

14

95

114

126

154

239

332

332

15

96

115

127

154

240

333

333

16

97

116

128

155

241

334

334

17

98

116

129

156

242

335

335

18

99

117

130

157

243

336

336

19

99

118

130

158

243

336

336

20

100

118

131

158

244

337

337

21

100

118

131

158

244

337

337

22

99

118

130

158

243

336

336

23

99

117

130

157

243

336

336

24

98

116

129

156

242

335

335

25

96

115

128

155

240

334

334

26

95

114

126

154

239

332

332

27

94

112

125

152

238

331

331

28

92

111

123

151

236

329

329

29

91

110

122

149

235

328

328

30

89

108

120

148

233

327

327

3.21   New Taiwan dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 6 | 13 | 34 | 151 | 292 | 3 000 |
| 2 | 0 | 6 | 13 | 34 | 150 | 332 | 2 250 |
| 3 | 1 | 6 | 15 | 38 | 145 | 347 | 1 709 |
| 4 | 1 | 7 | 17 | 41 | 142 | 348 | 1 326 |
| 5 | 1 | 8 | 19 | 43 | 141 | 340 | 1 054 |
| 6 | 2 | 10 | 21 | 45 | 141 | 327 | 857 |
| 7 | 2 | 11 | 22 | 46 | 140 | 312 | 709 |
| 8 | 2 | 11 | 22 | 48 | 139 | 296 | 597 |
| 9 | 4 | 11 | 24 | 50 | 138 | 279 | 509 |
| 10 | 4 | 12 | 27 | 51 | 138 | 263 | 438 |
| 11 | 4 | 12 | 29 | 52 | 138 | 247 | 381 |
| 12 | 4 | 12 | 31 | 52 | 138 | 232 | 333 |
| 13 | 5 | 13 | 34 | 52 | 138 | 231 | 294 |
| 14 | 5 | 13 | 37 | 53 | 138 | 231 | 261 |
| 15 | 6 | 13 | 38 | 53 | 138 | 232 | 232 |
| 16 | 6 | 13 | 41 | 53 | 139 | 232 | 232 |
| 17 | 6 | 15 | 44 | 54 | 139 | 232 | 232 |
| 18 | 6 | 15 | 45 | 54 | 140 | 233 | 233 |
| 19 | 7 | 16 | 48 | 55 | 141 | 234 | 234 |
| 20 | 7 | 17 | 51 | 56 | 141 | 235 | 235 |
| 21 | 8 | 18 | 53 | 57 | 142 | 235 | 235 |
| 22 | 9 | 18 | 55 | 58 | 143 | 236 | 236 |
| 23 | 9 | 20 | 58 | 60 | 143 | 237 | 237 |
| 24 | 9 | 20 | 60 | 61 | 144 | 237 | 237 |
| 25 | 10 | 22 | 63 | 63 | 144 | 237 | 237 |
| 26 | 10 | 22 | 65 | 65 | 145 | 238 | 238 |
| 27 | 10 | 23 | 68 | 67 | 145 | 238 | 238 |
| 28 | 11 | 24 | 70 | 69 | 145 | 238 | 238 |
| 29 | 11 | 25 | 72 | 71 | 145 | 238 | 238 |
| 30 | 12 | 26 | 75 | 73 | 146 | 239 | 239 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

6

13

34

151

292

3 000

2

0

6

13

34

150

332

2 250

3

1

6

15

38

145

347

1 709

4

1

7

17

41

142

348

1 326

5

1

8

19

43

141

340

1 054

6

2

10

21

45

141

327

857

7

2

11

22

46

140

312

709

8

2

11

22

48

139

296

597

9

4

11

24

50

138

279

509

10

4

12

27

51

138

263

438

11

4

12

29

52

138

247

381

12

4

12

31

52

138

232

333

13

5

13

34

52

138

231

294

14

5

13

37

53

138

231

261

15

6

13

38

53

138

232

232

16

6

13

41

53

139

232

232

17

6

15

44

54

139

232

232

18

6

15

45

54

140

233

233

19

7

16

48

55

141

234

234

20

7

17

51

56

141

235

235

21

8

18

53

57

142

235

235

22

9

18

55

58

143

236

236

23

9

20

58

60

143

237

237

24

9

20

60

61

144

237

237

25

10

22

63

63

144

237

237

26

10

22

65

65

145

238

238

27

10

23

68

67

145

238

238

28

11

24

70

69

145

238

238

29

11

25

72

71

145

238

238

30

12

26

75

73

146

239

239

3.22   New Zealand dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 46 | 58 | 65 | 86 | 203 | 312 | 3215 |
| 2 | 47 | 59 | 66 | 87 | 203 | 353 | 2 405 |
| 3 | 46 | 59 | 68 | 91 | 198 | 367 | 1 820 |
| 4 | 46 | 60 | 70 | 94 | 195 | 367 | 1 409 |
| 5 | 46 | 61 | 72 | 96 | 195 | 358 | 1 118 |
| 6 | 47 | 63 | 74 | 98 | 194 | 345 | 907 |
| 7 | 48 | 64 | 75 | 99 | 193 | 328 | 750 |
| 8 | 47 | 65 | 76 | 101 | 192 | 311 | 631 |
| 9 | 47 | 65 | 76 | 103 | 192 | 294 | 537 |
| 10 | 46 | 65 | 77 | 104 | 191 | 284 | 462 |
| 11 | 45 | 64 | 76 | 104 | 189 | 282 | 402 |
| 12 | 44 | 62 | 75 | 102 | 188 | 281 | 351 |
| 13 | 43 | 61 | 74 | 101 | 187 | 280 | 310 |
| 14 | 41 | 60 | 72 | 100 | 185 | 278 | 278 |
| 15 | 40 | 59 | 71 | 99 | 184 | 277 | 277 |
| 16 | 39 | 58 | 70 | 97 | 183 | 276 | 276 |
| 17 | 38 | 57 | 69 | 96 | 182 | 275 | 275 |
| 18 | 37 | 56 | 68 | 95 | 181 | 274 | 274 |
| 19 | 36 | 55 | 67 | 95 | 180 | 273 | 273 |
| 20 | 36 | 55 | 67 | 94 | 180 | 273 | 273 |
| 21 | 35 | 54 | 66 | 94 | 179 | 273 | 273 |
| 22 | 35 | 53 | 66 | 93 | 179 | 272 | 272 |
| 23 | 34 | 53 | 65 | 93 | 178 | 271 | 271 |
| 24 | 34 | 52 | 65 | 92 | 177 | 271 | 271 |
| 25 | 33 | 51 | 65 | 91 | 177 | 270 | 270 |
| 26 | 32 | 51 | 68 | 91 | 176 | 269 | 269 |
| 27 | 31 | 50 | 70 | 90 | 175 | 269 | 269 |
| 28 | 31 | 49 | 73 | 89 | 175 | 268 | 268 |
| 29 | 30 | 49 | 75 | 89 | 174 | 267 | 267 |
| 30 | 30 | 48 | 77 | 88 | 173 | 267 | 267 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

46

58

65

86

203

312

3215

2

47

59

66

87

203

353

2 405

3

46

59

68

91

198

367

1 820

4

46

60

70

94

195

367

1 409

5

46

61

72

96

195

358

1 118

6

47

63

74

98

194

345

907

7

48

64

75

99

193

328

750

8

47

65

76

101

192

311

631

9

47

65

76

103

192

294

537

10

46

65

77

104

191

284

462

11

45

64

76

104

189

282

402

12

44

62

75

102

188

281

351

13

43

61

74

101

187

280

310

14

41

60

72

100

185

278

278

15

40

59

71

99

184

277

277

16

39

58

70

97

183

276

276

17

38

57

69

96

182

275

275

18

37

56

68

95

181

274

274

19

36

55

67

95

180

273

273

20

36

55

67

94

180

273

273

21

35

54

66

94

179

273

273

22

35

53

66

93

179

272

272

23

34

53

65

93

178

271

271

24

34

52

65

92

177

271

271

25

33

51

65

91

177

270

270

26

32

51

68

91

176

269

269

27

31

50

70

90

175

269

269

28

31

49

73

89

175

268

268

29

30

49

75

89

174

267

267

30

30

48

77

88

173

267

267

3.23   Rand

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 109 | 121 | 128 | 149 | 265 | 360 | 3 365 |
| 2 | 110 | 123 | 129 | 150 | 267 | 369 | 2523 |
| 3 | 112 | 125 | 133 | 157 | 264 | 385 | 1 916 |
| 4 | 113 | 127 | 137 | 162 | 263 | 386 | 1 488 |
| 5 | 115 | 130 | 141 | 165 | 263 | 378 | 1 184 |
| 6 | 117 | 133 | 144 | 168 | 264 | 366 | 964 |
| 7 | 119 | 136 | 146 | 170 | 264 | 357 | 800 |
| 8 | 119 | 136 | 147 | 173 | 264 | 357 | 674 |
| 9 | 119 | 137 | 149 | 175 | 264 | 357 | 575 |
| 10 | 119 | 137 | 150 | 177 | 263 | 357 | 496 |
| 11 | 118 | 137 | 149 | 177 | 263 | 356 | 432 |
| 12 | 117 | 136 | 148 | 176 | 261 | 354 | 378 |
| 13 | 116 | 135 | 147 | 174 | 260 | 353 | 353 |
| 14 | 114 | 133 | 145 | 173 | 258 | 351 | 351 |
| 15 | 113 | 131 | 144 | 171 | 256 | 350 | 350 |
| 16 | 110 | 129 | 141 | 169 | 254 | 347 | 347 |
| 17 | 109 | 127 | 140 | 167 | 252 | 346 | 346 |
| 18 | 107 | 125 | 138 | 165 | 251 | 344 | 344 |
| 19 | 105 | 123 | 136 | 163 | 249 | 342 | 342 |
| 20 | 103 | 122 | 134 | 162 | 247 | 340 | 340 |
| 21 | 101 | 120 | 132 | 160 | 245 | 339 | 339 |
| 22 | 100 | 118 | 131 | 158 | 244 | 337 | 337 |
| 23 | 98 | 116 | 129 | 156 | 242 | 335 | 335 |
| 24 | 96 | 115 | 127 | 154 | 240 | 333 | 333 |
| 25 | 94 | 113 | 125 | 152 | 238 | 331 | 331 |
| 26 | 92 | 111 | 123 | 151 | 236 | 329 | 329 |
| 27 | 90 | 109 | 121 | 149 | 234 | 327 | 327 |
| 28 | 89 | 107 | 120 | 147 | 233 | 326 | 326 |
| 29 | 87 | 106 | 118 | 145 | 231 | 324 | 324 |
| 30 | 85 | 104 | 116 | 144 | 229 | 322 | 322 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

109

121

128

149

265

360

3 365

2

110

123

129

150

267

369

2523

3

112

125

133

157

264

385

1 916

4

113

127

137

162

263

386

1 488

5

115

130

141

165

263

378

1 184

6

117

133

144

168

264

366

964

7

119

136

146

170

264

357

800

8

119

136

147

173

264

357

674

9

119

137

149

175

264

357

575

10

119

137

150

177

263

357

496

11

118

137

149

177

263

356

432

12

117

136

148

176

261

354

378

13

116

135

147

174

260

353

353

14

114

133

145

173

258

351

351

15

113

131

144

171

256

350

350

16

110

129

141

169

254

347

347

17

109

127

140

167

252

346

346

18

107

125

138

165

251

344

344

19

105

123

136

163

249

342

342

20

103

122

134

162

247

340

340

21

101

120

132

160

245

339

339

22

100

118

131

158

244

337

337

23

98

116

129

156

242

335

335

24

96

115

127

154

240

333

333

25

94

113

125

152

238

331

331

26

92

111

123

151

236

329

329

27

90

109

121

149

234

327

327

28

89

107

120

147

233

326

326

29

87

106

118

145

231

324

324

30

85

104

116

144

229

322

322

3.24   Real

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 163 | 175 | 181 | 202 | 319 | 414 | 3 587 |
| 2 | 171 | 183 | 190 | 211 | 328 | 422 | 2 678 |
| 3 | 175 | 188 | 197 | 220 | 327 | 422 | 2 035 |
| 4 | 177 | 191 | 201 | 226 | 327 | 420 | 1 582 |
| 5 | 179 | 193 | 205 | 228 | 327 | 420 | 1 259 |
| 6 | 179 | 195 | 206 | 230 | 326 | 419 | 1 024 |
| 7 | 180 | 197 | 207 | 232 | 325 | 418 | 849 |
| 8 | 179 | 196 | 207 | 233 | 324 | 417 | 714 |
| 9 | 178 | 196 | 208 | 235 | 323 | 416 | 609 |
| 10 | 178 | 196 | 208 | 235 | 322 | 415 | 525 |
| 11 | 176 | 195 | 207 | 235 | 320 | 414 | 456 |
| 12 | 174 | 193 | 205 | 233 | 318 | 411 | 411 |
| 13 | 172 | 190 | 203 | 230 | 316 | 409 | 409 |
| 14 | 169 | 187 | 200 | 227 | 313 | 406 | 406 |
| 15 | 166 | 185 | 197 | 224 | 310 | 403 | 403 |
| 16 | 163 | 182 | 194 | 221 | 307 | 400 | 400 |
| 17 | 160 | 179 | 191 | 218 | 304 | 397 | 397 |
| 18 | 157 | 176 | 188 | 216 | 301 | 394 | 394 |
| 19 | 154 | 173 | 185 | 213 | 298 | 391 | 391 |
| 20 | 151 | 170 | 182 | 210 | 295 | 388 | 388 |
| 21 | 148 | 167 | 179 | 207 | 292 | 385 | 385 |
| 22 | 145 | 164 | 176 | 204 | 289 | 382 | 382 |
| 23 | 142 | 161 | 173 | 201 | 286 | 379 | 379 |
| 24 | 139 | 158 | 170 | 198 | 283 | 376 | 376 |
| 25 | 136 | 155 | 167 | 195 | 280 | 373 | 373 |
| 26 | 133 | 152 | 164 | 192 | 277 | 370 | 370 |
| 27 | 130 | 149 | 161 | 189 | 274 | 367 | 367 |
| 28 | 127 | 146 | 158 | 186 | 271 | 364 | 364 |
| 29 | 125 | 143 | 156 | 183 | 269 | 362 | 362 |
| 30 | 122 | 141 | 153 | 180 | 266 | 359 | 359 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

163

175

181

202

319

414

3 587

2

171

183

190

211

328

422

2 678

3

175

188

197

220

327

422

2 035

4

177

191

201

226

327

420

1 582

5

179

193

205

228

327

420

1 259

6

179

195

206

230

326

419

1 024

7

180

197

207

232

325

418

849

8

179

196

207

233

324

417

714

9

178

196

208

235

323

416

609

10

178

196

208

235

322

415

525

11

176

195

207

235

320

414

456

12

174

193

205

233

318

411

411

13

172

190

203

230

316

409

409

14

169

187

200

227

313

406

406

15

166

185

197

224

310

403

403

16

163

182

194

221

307

400

400

17

160

179

191

218

304

397

397

18

157

176

188

216

301

394

394

19

154

173

185

213

298

391

391

20

151

170

182

210

295

388

388

21

148

167

179

207

292

385

385

22

145

164

176

204

289

382

382

23

142

161

173

201

286

379

379

24

139

158

170

198

283

376

376

25

136

155

167

195

280

373

373

26

133

152

164

192

277

370

370

27

130

149

161

189

274

367

367

28

127

146

158

186

271

364

364

29

125

143

156

183

269

362

362

30

122

141

153

180

266

359

359

3.25   Renminbi-yuan

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 27 | 39 | 46 | 67 | 183 | 298 | 3 062 |
| 2 | 28 | 40 | 46 | 67 | 184 | 339 | 2302 |
| 3 | 28 | 41 | 49 | 72 | 179 | 355 | 1 751 |
| 4 | 28 | 41 | 52 | 76 | 177 | 356 | 1 361 |
| 5 | 28 | 43 | 54 | 78 | 177 | 349 | 1 082 |
| 6 | 29 | 45 | 56 | 80 | 176 | 336 | 880 |
| 7 | 30 | 47 | 57 | 82 | 175 | 321 | 729 |
| 8 | 29 | 47 | 58 | 83 | 174 | 304 | 614 |
| 9 | 29 | 47 | 58 | 85 | 174 | 287 | 523 |
| 10 | 29 | 47 | 59 | 86 | 173 | 271 | 451 |
| 11 | 28 | 47 | 59 | 87 | 172 | 266 | 392 |
| 12 | 28 | 46 | 59 | 86 | 172 | 265 | 343 |
| 13 | 27 | 46 | 58 | 86 | 171 | 264 | 302 |
| 14 | 27 | 46 | 58 | 85 | 171 | 264 | 268 |
| 15 | 27 | 45 | 58 | 85 | 171 | 264 | 264 |
| 16 | 27 | 45 | 58 | 85 | 171 | 264 | 264 |
| 17 | 27 | 45 | 58 | 85 | 171 | 264 | 264 |
| 18 | 27 | 45 | 58 | 85 | 171 | 264 | 264 |
| 19 | 27 | 46 | 58 | 85 | 171 | 264 | 264 |
| 20 | 27 | 46 | 58 | 86 | 171 | 264 | 264 |
| 21 | 27 | 46 | 58 | 86 | 171 | 264 | 264 |
| 22 | 27 | 46 | 58 | 85 | 171 | 264 | 264 |
| 23 | 27 | 46 | 59 | 85 | 171 | 264 | 264 |
| 24 | 27 | 45 | 62 | 85 | 171 | 264 | 264 |
| 25 | 26 | 45 | 64 | 85 | 170 | 263 | 263 |
| 26 | 26 | 45 | 67 | 84 | 170 | 263 | 263 |
| 27 | 26 | 44 | 69 | 84 | 170 | 263 | 263 |
| 28 | 25 | 44 | 71 | 84 | 169 | 262 | 262 |
| 29 | 25 | 44 | 74 | 83 | 169 | 262 | 262 |
| 30 | 25 | 43 | 76 | 83 | 169 | 262 | 262 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

27

39

46

67

183

298

3 062

2

28

40

46

67

184

339

2302

3

28

41

49

72

179

355

1 751

4

28

41

52

76

177

356

1 361

5

28

43

54

78

177

349

1 082

6

29

45

56

80

176

336

880

7

30

47

57

82

175

321

729

8

29

47

58

83

174

304

614

9

29

47

58

85

174

287

523

10

29

47

59

86

173

271

451

11

28

47

59

87

172

266

392

12

28

46

59

86

172

265

343

13

27

46

58

86

171

264

302

14

27

46

58

85

171

264

268

15

27

45

58

85

171

264

264

16

27

45

58

85

171

264

264

17

27

45

58

85

171

264

264

18

27

45

58

85

171

264

264

19

27

46

58

85

171

264

264

20

27

46

58

86

171

264

264

21

27

46

58

86

171

264

264

22

27

46

58

85

171

264

264

23

27

46

59

85

171

264

264

24

27

45

62

85

171

264

264

25

26

45

64

85

170

263

263

26

26

45

67

84

170

263

263

27

26

44

69

84

170

263

263

28

25

44

71

84

169

262

262

29

25

44

74

83

169

262

262

30

25

43

76

83

169

262

262

3.26   Ringgit

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 25 | 37 | 43 | 64 | 181 | 300 | 3 088 |
| 2 | 27 | 39 | 45 | 66 | 183 | 343 | 2 328 |
| 3 | 28 | 41 | 49 | 73 | 180 | 359 | 1 772 |
| 4 | 29 | 43 | 53 | 78 | 178 | 360 | 1 377 |
| 5 | 31 | 46 | 57 | 81 | 179 | 353 | 1 096 |
| 6 | 33 | 49 | 60 | 84 | 180 | 340 | 891 |
| 7 | 35 | 51 | 62 | 86 | 180 | 325 | 738 |
| 8 | 35 | 52 | 63 | 89 | 180 | 308 | 622 |
| 9 | 36 | 53 | 65 | 92 | 180 | 291 | 530 |
| 10 | 36 | 55 | 67 | 94 | 181 | 274 | 457 |
| 11 | 37 | 56 | 68 | 95 | 181 | 274 | 397 |
| 12 | 37 | 56 | 68 | 96 | 181 | 274 | 348 |
| 13 | 37 | 56 | 68 | 96 | 181 | 275 | 306 |
| 14 | 37 | 56 | 68 | 96 | 181 | 274 | 274 |
| 15 | 37 | 56 | 68 | 96 | 181 | 274 | 274 |
| 16 | 37 | 56 | 68 | 95 | 181 | 274 | 274 |
| 17 | 37 | 56 | 68 | 96 | 181 | 274 | 274 |
| 18 | 37 | 56 | 68 | 96 | 181 | 274 | 274 |
| 19 | 38 | 56 | 69 | 96 | 181 | 275 | 275 |
| 20 | 38 | 56 | 69 | 96 | 182 | 275 | 275 |
| 21 | 38 | 57 | 69 | 96 | 182 | 275 | 275 |
| 22 | 38 | 56 | 69 | 96 | 182 | 275 | 275 |
| 23 | 38 | 56 | 69 | 96 | 182 | 275 | 275 |
| 24 | 37 | 56 | 68 | 96 | 181 | 274 | 274 |
| 25 | 37 | 55 | 68 | 95 | 181 | 274 | 274 |
| 26 | 36 | 55 | 68 | 95 | 180 | 273 | 273 |
| 27 | 36 | 54 | 70 | 94 | 180 | 273 | 273 |
| 28 | 35 | 54 | 73 | 93 | 179 | 272 | 272 |
| 29 | 34 | 53 | 75 | 93 | 178 | 272 | 272 |
| 30 | 34 | 52 | 77 | 92 | 178 | 271 | 271 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

25

37

43

64

181

300

3 088

2

27

39

45

66

183

343

2 328

3

28

41

49

73

180

359

1 772

4

29

43

53

78

178

360

1 377

5

31

46

57

81

179

353

1 096

6

33

49

60

84

180

340

891

7

35

51

62

86

180

325

738

8

35

52

63

89

180

308

622

9

36

53

65

92

180

291

530

10

36

55

67

94

181

274

457

11

37

56

68

95

181

274

397

12

37

56

68

96

181

274

348

13

37

56

68

96

181

275

306

14

37

56

68

96

181

274

274

15

37

56

68

96

181

274

274

16

37

56

68

95

181

274

274

17

37

56

68

96

181

274

274

18

37

56

68

96

181

274

274

19

38

56

69

96

181

275

275

20

38

56

69

96

182

275

275

21

38

57

69

96

182

275

275

22

38

56

69

96

182

275

275

23

38

56

69

96

182

275

275

24

37

56

68

96

181

274

274

25

37

55

68

95

181

274

274

26

36

55

68

95

180

273

273

27

36

54

70

94

180

273

273

28

35

54

73

93

179

272

272

29

34

53

75

93

178

272

272

30

34

52

77

92

178

271

271

3.27   Russian rouble

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 123 | 135 | 141 | 162 | 279 | 374 | 3 452 |
| 2 | 121 | 133 | 140 | 161 | 278 | 378 | 2 594 |
| 3 | 120 | 133 | 141 | 165 | 272 | 396 | 1 972 |
| 4 | 119 | 133 | 143 | 168 | 269 | 397 | 1 531 |
| 5 | 120 | 134 | 146 | 169 | 268 | 388 | 1 218 |
| 6 | 120 | 136 | 147 | 171 | 267 | 375 | 990 |
| 7 | 120 | 137 | 148 | 172 | 266 | 359 | 820 |
| 8 | 120 | 137 | 148 | 174 | 265 | 358 | 690 |
| 9 | 119 | 137 | 149 | 175 | 264 | 357 | 588 |
| 10 | 119 | 137 | 150 | 177 | 263 | 357 | 506 |
| 11 | 119 | 137 | 150 | 177 | 263 | 356 | 440 |
| 12 | 118 | 136 | 149 | 176 | 262 | 355 | 385 |
| 13 | 117 | 135 | 148 | 175 | 261 | 354 | 354 |
| 14 | 115 | 134 | 146 | 174 | 259 | 352 | 352 |
| 15 | 113 | 132 | 144 | 172 | 257 | 350 | 350 |
| 16 | 111 | 130 | 142 | 170 | 255 | 349 | 349 |
| 17 | 109 | 128 | 140 | 167 | 253 | 346 | 346 |
| 18 | 107 | 126 | 138 | 165 | 251 | 344 | 344 |
| 19 | 105 | 124 | 136 | 163 | 249 | 342 | 342 |
| 20 | 103 | 121 | 134 | 161 | 247 | 340 | 340 |
| 21 | 101 | 119 | 132 | 159 | 245 | 338 | 338 |
| 22 | 98 | 117 | 129 | 157 | 242 | 336 | 336 |
| 23 | 96 | 115 | 127 | 155 | 240 | 333 | 333 |
| 24 | 94 | 113 | 125 | 152 | 238 | 331 | 331 |
| 25 | 92 | 110 | 123 | 150 | 236 | 329 | 329 |
| 26 | 90 | 108 | 121 | 148 | 234 | 327 | 327 |
| 27 | 88 | 106 | 119 | 146 | 231 | 325 | 325 |
| 28 | 85 | 104 | 117 | 144 | 229 | 323 | 323 |
| 29 | 83 | 102 | 115 | 142 | 227 | 321 | 321 |
| 30 | 82 | 100 | 113 | 140 | 225 | 319 | 319 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

123

135

141

162

279

374

3 452

2

121

133

140

161

278

378

2 594

3

120

133

141

165

272

396

1 972

4

119

133

143

168

269

397

1 531

5

120

134

146

169

268

388

1 218

6

120

136

147

171

267

375

990

7

120

137

148

172

266

359

820

8

120

137

148

174

265

358

690

9

119

137

149

175

264

357

588

10

119

137

150

177

263

357

506

11

119

137

150

177

263

356

440

12

118

136

149

176

262

355

385

13

117

135

148

175

261

354

354

14

115

134

146

174

259

352

352

15

113

132

144

172

257

350

350

16

111

130

142

170

255

349

349

17

109

128

140

167

253

346

346

18

107

126

138

165

251

344

344

19

105

124

136

163

249

342

342

20

103

121

134

161

247

340

340

21

101

119

132

159

245

338

338

22

98

117

129

157

242

336

336

23

96

115

127

155

240

333

333

24

94

113

125

152

238

331

331

25

92

110

123

150

236

329

329

26

90

108

121

148

234

327

327

27

88

106

119

146

231

325

325

28

85

104

117

144

229

323

323

29

83

102

115

142

227

321

321

30

82

100

113

140

225

319

319

3.28   Singapore dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 9 | 15 | 36 | 153 | 303 | 3 119 |
| 2 | 0 | 11 | 17 | 38 | 155 | 344 | 2 335 |
| 3 | 1 | 12 | 21 | 44 | 151 | 359 | 1 771 |
| 4 | 1 | 14 | 25 | 49 | 150 | 359 | 1 373 |
| 5 | 2 | 17 | 28 | 52 | 151 | 350 | 1 091 |
| 6 | 4 | 20 | 31 | 55 | 151 | 337 | 885 |
| 7 | 6 | 23 | 33 | 58 | 151 | 322 | 733 |
| 8 | 6 | 24 | 35 | 60 | 151 | 305 | 616 |
| 9 | 6 | 24 | 36 | 63 | 151 | 288 | 525 |
| 10 | 7 | 25 | 37 | 64 | 151 | 271 | 452 |
| 11 | 7 | 25 | 38 | 65 | 151 | 254 | 392 |
| 12 | 6 | 25 | 38 | 65 | 150 | 244 | 344 |
| 13 | 6 | 25 | 37 | 65 | 150 | 243 | 303 |
| 14 | 6 | 25 | 37 | 64 | 150 | 243 | 268 |
| 15 | 6 | 24 | 40 | 64 | 150 | 243 | 243 |
| 16 | 6 | 24 | 42 | 64 | 149 | 243 | 243 |
| 17 | 6 | 24 | 45 | 64 | 150 | 243 | 243 |
| 18 | 6 | 24 | 47 | 64 | 150 | 243 | 243 |
| 19 | 7 | 24 | 49 | 64 | 150 | 243 | 243 |
| 20 | 8 | 25 | 52 | 65 | 150 | 243 | 243 |
| 21 | 8 | 25 | 55 | 65 | 151 | 244 | 244 |
| 22 | 9 | 26 | 56 | 65 | 151 | 244 | 244 |
| 23 | 9 | 26 | 59 | 66 | 151 | 244 | 244 |
| 24 | 9 | 26 | 61 | 66 | 151 | 244 | 244 |
| 25 | 10 | 26 | 64 | 66 | 151 | 245 | 245 |
| 26 | 10 | 26 | 66 | 67 | 152 | 245 | 245 |
| 27 | 11 | 26 | 69 | 69 | 152 | 245 | 245 |
| 28 | 11 | 26 | 71 | 70 | 152 | 245 | 245 |
| 29 | 11 | 26 | 74 | 72 | 152 | 245 | 245 |
| 30 | 12 | 27 | 76 | 75 | 152 | 245 | 245 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

9

15

36

153

303

3 119

2

0

11

17

38

155

344

2 335

3

1

12

21

44

151

359

1 771

4

1

14

25

49

150

359

1 373

5

2

17

28

52

151

350

1 091

6

4

20

31

55

151

337

885

7

6

23

33

58

151

322

733

8

6

24

35

60

151

305

616

9

6

24

36

63

151

288

525

10

7

25

37

64

151

271

452

11

7

25

38

65

151

254

392

12

6

25

38

65

150

244

344

13

6

25

37

65

150

243

303

14

6

25

37

64

150

243

268

15

6

24

40

64

150

243

243

16

6

24

42

64

149

243

243

17

6

24

45

64

150

243

243

18

6

24

47

64

150

243

243

19

7

24

49

64

150

243

243

20

8

25

52

65

150

243

243

21

8

25

55

65

151

244

244

22

9

26

56

65

151

244

244

23

9

26

59

66

151

244

244

24

9

26

61

66

151

244

244

25

10

26

64

66

151

245

245

26

10

26

66

67

152

245

245

27

11

26

69

69

152

245

245

28

11

26

71

70

152

245

245

29

11

26

74

72

152

245

245

30

12

27

76

75

152

245

245

3.29   South Korean won

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 31 | 43 | 49 | 70 | 187 | 304 | 3 125 |
| 2 | 31 | 43 | 50 | 71 | 187 | 344 | 2 340 |
| 3 | 30 | 43 | 51 | 75 | 182 | 359 | 1 775 |
| 4 | 29 | 43 | 53 | 77 | 178 | 359 | 1 376 |
| 5 | 29 | 44 | 55 | 78 | 177 | 351 | 1 093 |
| 6 | 31 | 47 | 58 | 82 | 178 | 338 | 887 |
| 7 | 30 | 46 | 57 | 81 | 175 | 322 | 734 |
| 8 | 33 | 50 | 61 | 87 | 178 | 305 | 617 |
| 9 | 32 | 50 | 62 | 88 | 177 | 288 | 526 |
| 10 | 28 | 46 | 58 | 85 | 172 | 271 | 453 |
| 11 | 24 | 42 | 55 | 82 | 168 | 261 | 393 |
| 12 | 21 | 39 | 52 | 79 | 165 | 258 | 344 |
| 13 | 18 | 37 | 49 | 77 | 162 | 255 | 303 |
| 14 | 17 | 35 | 48 | 75 | 160 | 254 | 268 |
| 15 | 15 | 34 | 46 | 74 | 159 | 252 | 252 |
| 16 | 14 | 32 | 45 | 72 | 158 | 251 | 251 |
| 17 | 13 | 32 | 45 | 71 | 157 | 250 | 250 |
| 18 | 12 | 31 | 47 | 71 | 156 | 249 | 249 |
| 19 | 12 | 31 | 49 | 70 | 156 | 249 | 249 |
| 20 | 12 | 31 | 52 | 70 | 156 | 249 | 249 |
| 21 | 12 | 31 | 54 | 70 | 156 | 249 | 249 |
| 22 | 12 | 31 | 56 | 70 | 156 | 249 | 249 |
| 23 | 12 | 31 | 59 | 70 | 156 | 249 | 249 |
| 24 | 12 | 30 | 61 | 70 | 156 | 249 | 249 |
| 25 | 12 | 30 | 64 | 70 | 156 | 249 | 249 |
| 26 | 11 | 30 | 66 | 70 | 155 | 249 | 249 |
| 27 | 11 | 30 | 69 | 70 | 155 | 248 | 248 |
| 28 | 11 | 30 | 71 | 70 | 155 | 248 | 248 |
| 29 | 11 | 30 | 74 | 72 | 155 | 248 | 248 |
| 30 | 12 | 30 | 76 | 73 | 155 | 248 | 248 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

31

43

49

70

187

304

3 125

2

31

43

50

71

187

344

2 340

3

30

43

51

75

182

359

1 775

4

29

43

53

77

178

359

1 376

5

29

44

55

78

177

351

1 093

6

31

47

58

82

178

338

887

7

30

46

57

81

175

322

734

8

33

50

61

87

178

305

617

9

32

50

62

88

177

288

526

10

28

46

58

85

172

271

453

11

24

42

55

82

168

261

393

12

21

39

52

79

165

258

344

13

18

37

49

77

162

255

303

14

17

35

48

75

160

254

268

15

15

34

46

74

159

252

252

16

14

32

45

72

158

251

251

17

13

32

45

71

157

250

250

18

12

31

47

71

156

249

249

19

12

31

49

70

156

249

249

20

12

31

52

70

156

249

249

21

12

31

54

70

156

249

249

22

12

31

56

70

156

249

249

23

12

31

59

70

156

249

249

24

12

30

61

70

156

249

249

25

12

30

64

70

156

249

249

26

11

30

66

70

155

249

249

27

11

30

69

70

155

248

248

28

11

30

71

70

155

248

248

29

11

30

74

72

155

248

248

30

12

30

76

73

155

248

248

3.30   Turkish lira

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 206 | 218 | 225 | 245 | 362 | 457 | 3 608 |
| 2 | 202 | 214 | 221 | 242 | 359 | 454 | 2 687 |
| 3 | 197 | 210 | 219 | 242 | 349 | 444 | 2 032 |
| 4 | 193 | 207 | 217 | 241 | 342 | 436 | 1 571 |
| 5 | 189 | 204 | 215 | 238 | 337 | 430 | 1 244 |
| 6 | 186 | 201 | 212 | 237 | 332 | 426 | 1008 |
| 7 | 183 | 199 | 210 | 234 | 328 | 421 | 832 |
| 8 | 179 | 196 | 207 | 232 | 324 | 417 | 698 |
| 9 | 175 | 193 | 204 | 231 | 320 | 413 | 593 |
| 10 | 171 | 189 | 202 | 229 | 315 | 409 | 510 |
| 11 | 167 | 186 | 198 | 226 | 311 | 404 | 442 |
| 12 | 163 | 182 | 194 | 222 | 307 | 400 | 400 |
| 13 | 159 | 178 | 190 | 218 | 303 | 396 | 396 |
| 14 | 155 | 174 | 186 | 214 | 299 | 393 | 393 |
| 15 | 152 | 170 | 183 | 210 | 296 | 389 | 389 |
| 16 | 148 | 167 | 179 | 207 | 292 | 385 | 385 |
| 17 | 145 | 164 | 176 | 203 | 289 | 382 | 382 |
| 18 | 142 | 160 | 173 | 200 | 286 | 379 | 379 |
| 19 | 139 | 157 | 170 | 197 | 283 | 376 | 376 |
| 20 | 136 | 155 | 167 | 194 | 280 | 373 | 373 |
| 21 | 133 | 152 | 164 | 191 | 277 | 370 | 370 |
| 22 | 130 | 149 | 161 | 189 | 274 | 367 | 367 |
| 23 | 127 | 146 | 158 | 186 | 271 | 364 | 364 |
| 24 | 124 | 143 | 155 | 183 | 268 | 362 | 362 |
| 25 | 122 | 140 | 153 | 180 | 266 | 359 | 359 |
| 26 | 119 | 138 | 150 | 177 | 263 | 356 | 356 |
| 27 | 116 | 135 | 147 | 175 | 260 | 353 | 353 |
| 28 | 114 | 132 | 145 | 172 | 258 | 351 | 351 |
| 29 | 111 | 130 | 142 | 170 | 255 | 348 | 348 |
| 30 | 109 | 128 | 140 | 167 | 253 | 346 | 346 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

206

218

225

245

362

457

3 608

2

202

214

221

242

359

454

2 687

3

197

210

219

242

349

444

2 032

4

193

207

217

241

342

436

1 571

5

189

204

215

238

337

430

1 244

6

186

201

212

237

332

426

1008

7

183

199

210

234

328

421

832

8

179

196

207

232

324

417

698

9

175

193

204

231

320

413

593

10

171

189

202

229

315

409

510

11

167

186

198

226

311

404

442

12

163

182

194

222

307

400

400

13

159

178

190

218

303

396

396

14

155

174

186

214

299

393

393

15

152

170

183

210

296

389

389

16

148

167

179

207

292

385

385

17

145

164

176

203

289

382

382

18

142

160

173

200

286

379

379

19

139

157

170

197

283

376

376

20

136

155

167

194

280

373

373

21

133

152

164

191

277

370

370

22

130

149

161

189

274

367

367

23

127

146

158

186

271

364

364

24

124

143

155

183

268

362

362

25

122

140

153

180

266

359

359

26

119

138

150

177

263

356

356

27

116

135

147

175

260

353

353

28

114

132

145

172

258

351

351

29

111

130

142

170

255

348

348

30

109

128

140

167

253

346

346

3.31   US dollar

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 14 | 25 | 50 | 169 | 309 | 3 185 |
| 2 | 0 | 14 | 25 | 50 | 169 | 349 | 2 374 |
| 3 | 1 | 17 | 28 | 55 | 165 | 362 | 1 794 |
| 4 | 1 | 20 | 31 | 60 | 164 | 362 | 1 389 |
| 5 | 3 | 23 | 36 | 66 | 165 | 353 | 1102 |
| 6 | 6 | 27 | 39 | 68 | 165 | 339 | 894 |
| 7 | 8 | 31 | 42 | 70 | 166 | 324 | 739 |
| 8 | 11 | 34 | 45 | 74 | 166 | 306 | 621 |
| 9 | 13 | 37 | 49 | 76 | 166 | 289 | 529 |
| 10 | 14 | 39 | 51 | 77 | 166 | 272 | 455 |
| 11 | 15 | 41 | 52 | 78 | 166 | 259 | 395 |
| 12 | 15 | 42 | 54 | 79 | 166 | 259 | 346 |
| 13 | 16 | 43 | 55 | 80 | 166 | 259 | 305 |
| 14 | 17 | 44 | 55 | 80 | 166 | 259 | 270 |
| 15 | 17 | 44 | 55 | 80 | 166 | 259 | 259 |
| 16 | 17 | 44 | 55 | 80 | 165 | 258 | 258 |
| 17 | 17 | 44 | 55 | 80 | 165 | 259 | 259 |
| 18 | 17 | 44 | 55 | 80 | 165 | 259 | 259 |
| 19 | 17 | 44 | 55 | 80 | 166 | 259 | 259 |
| 20 | 17 | 44 | 55 | 80 | 166 | 259 | 259 |
| 21 | 17 | 44 | 55 | 80 | 166 | 259 | 259 |
| 22 | 17 | 44 | 56 | 80 | 166 | 259 | 259 |
| 23 | 17 | 44 | 59 | 80 | 166 | 259 | 259 |
| 24 | 17 | 44 | 61 | 80 | 166 | 259 | 259 |
| 25 | 17 | 44 | 64 | 80 | 165 | 259 | 259 |
| 26 | 17 | 44 | 66 | 80 | 165 | 258 | 258 |
| 27 | 17 | 44 | 69 | 80 | 165 | 258 | 258 |
| 28 | 17 | 44 | 71 | 80 | 165 | 258 | 258 |
| 29 | 17 | 44 | 74 | 80 | 164 | 257 | 257 |
| 30 | 17 | 44 | 76 | 80 | 164 | 257 | 257 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

14

25

50

169

309

3 185

2

0

14

25

50

169

349

2 374

3

1

17

28

55

165

362

1 794

4

1

20

31

60

164

362

1 389

5

3

23

36

66

165

353

1102

6

6

27

39

68

165

339

894

7

8

31

42

70

166

324

739

8

11

34

45

74

166

306

621

9

13

37

49

76

166

289

529

10

14

39

51

77

166

272

455

11

15

41

52

78

166

259

395

12

15

42

54

79

166

259

346

13

16

43

55

80

166

259

305

14

17

44

55

80

166

259

270

15

17

44

55

80

166

259

259

16

17

44

55

80

165

258

258

17

17

44

55

80

165

259

259

18

17

44

55

80

165

259

259

19

17

44

55

80

166

259

259

20

17

44

55

80

166

259

259

21

17

44

55

80

166

259

259

22

17

44

56

80

166

259

259

23

17

44

59

80

166

259

259

24

17

44

61

80

166

259

259

25

17

44

64

80

165

259

259

26

17

44

66

80

165

258

258

27

17

44

69

80

165

258

258

28

17

44

71

80

165

258

258

29

17

44

74

80

164

257

257

30

17

44

76

80

164

257

257

3.32   Yen

| Duration (in years) | Credit quality step 0 | Credit quality step 1 | Credit quality step 2 | Credit quality step 3 | Credit quality step 4 | Credit quality step 5 | Credit quality step 6 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0 | 0 | 4 | 14 | 131 | 288 | 2 955 |
| 2 | 0 | 1 | 6 | 13 | 129 | 328 | 2 218 |
| 3 | 1 | 1 | 8 | 16 | 123 | 343 | 1 685 |
| 4 | 1 | 3 | 11 | 19 | 120 | 344 | 1 308 |
| 5 | 1 | 4 | 13 | 21 | 119 | 336 | 1 040 |
| 6 | 2 | 4 | 16 | 23 | 118 | 324 | 846 |
| 7 | 2 | 6 | 19 | 26 | 118 | 309 | 701 |
| 8 | 2 | 6 | 21 | 29 | 118 | 293 | 590 |
| 9 | 4 | 7 | 24 | 30 | 118 | 277 | 503 |
| 10 | 4 | 9 | 27 | 33 | 118 | 261 | 433 |
| 11 | 4 | 9 | 28 | 35 | 118 | 245 | 377 |
| 12 | 4 | 9 | 31 | 37 | 118 | 230 | 330 |
| 13 | 4 | 11 | 34 | 39 | 118 | 216 | 291 |
| 14 | 5 | 11 | 36 | 42 | 119 | 212 | 258 |
| 15 | 6 | 13 | 38 | 43 | 119 | 212 | 230 |
| 16 | 6 | 13 | 41 | 45 | 119 | 212 | 212 |
| 17 | 6 | 15 | 43 | 47 | 120 | 213 | 213 |
| 18 | 6 | 15 | 45 | 50 | 120 | 213 | 213 |
| 19 | 7 | 16 | 48 | 51 | 121 | 214 | 214 |
| 20 | 7 | 17 | 51 | 54 | 123 | 214 | 214 |
| 21 | 7 | 18 | 52 | 55 | 125 | 215 | 215 |
| 22 | 9 | 18 | 55 | 57 | 126 | 215 | 215 |
| 23 | 9 | 20 | 57 | 59 | 128 | 215 | 215 |
| 24 | 9 | 20 | 60 | 61 | 129 | 215 | 215 |
| 25 | 10 | 21 | 61 | 63 | 130 | 215 | 215 |
| 26 | 10 | 22 | 64 | 65 | 132 | 215 | 215 |
| 27 | 10 | 23 | 66 | 66 | 133 | 215 | 215 |
| 28 | 11 | 24 | 69 | 68 | 134 | 215 | 215 |
| 29 | 11 | 25 | 71 | 70 | 135 | 215 | 215 |
| 30 | 12 | 25 | 73 | 71 | 137 | 215 | 215 |

Duration (in years)

Credit quality step 0

Credit quality step 1

Credit quality step 2

Credit quality step 3

Credit quality step 4

Credit quality step 5

Credit quality step 6

1

0

0

4

14

131

288

2 955

2

0

1

6

13

129

328

2 218

3

1

1

8

16

123

343

1 685

4

1

3

11

19

120

344

1 308

5

1

4

13

21

119

336

1 040

6

2

4

16

23

118

324

846

7

2

6

19

26

118

309

701

8

2

6

21

29

118

293

590

9

4

7

24

30

118

277

503

10

4

9

27

33

118

261

433

11

4

9

28

35

118

245

377

12

4

9

31

37

118

230

330

13

4

11

34

39

118

216

291

14

5

11

36

42

119

212

258

15

6

13

38

43

119

212

230

16

6

13

41

45

119

212

212

17

6

15

43

47

120

213

213

18

6

15

45

50

120

213

213

19

7

16

48

51

121

214

214

20

7

17

51

54

123

214

214

21

7

18

52

55

125

215

215

22

9

18

55

57

126

215

215

23

9

20

57

59

128

215

215

24

9

20

60

61

129

215

215

25

10

21

61

63

130

215

215

26

10

22

64

65

132

215

215

27

10

23

66

66

133

215

215

28

11

24

69

68

134

215

215

29

11

25

71

70

135

215

215

30

12

25

73

71

137

215

215

ANNEX III

Volatility adjustment to the relevant risk-free interest rate term structure

| Currency | National insurance market | Volatility adjustment (in bps) |
| --- | --- | --- |
| Euro | Austria | 20 |
| Euro | Belgium | 20 |
| Euro | Cyprus | 20 |
| Euro | Estonia | 20 |
| Euro | Finland | 20 |
| Euro | France | 20 |
| Euro | Germany | 20 |
| Euro | Greece | 20 |
| Euro | Ireland | 20 |
| Euro | Italy | 20 |
| Euro | Latvia | 20 |
| Euro | Lithuania | 20 |
| Euro | Luxembourg | 20 |
| Euro | Malta | 20 |
| Euro | Netherlands | 20 |
| Euro | Portugal | 20 |
| Euro | Slovakia | 20 |
| Euro | Slovenia | 20 |
| Euro | Spain | 20 |
| Czech koruna | Czech Republic | 16 |
| Danish krone | Denmark | 26 |
| Forint | Hungary | 17 |
| Krona | Sweden | -1 |
| Euro | Croatia | 20 |
| Lev | Bulgaria | 17 |
| Pound sterling | United Kingdom | 21 |
| Romanian leu | Romania | 17 |
| Zloty | Poland | 16 |
| Króna | Iceland | 54 |
| Norwegian krone | Norway | 10 |
| Swiss franc | Liechtenstein | -3 |
| Swiss franc | Switzerland | -3 |
| Australian dollar | Australia | -2 |
| Canadian dollar | Canada | 9 |
| Renminbi-yuan | China | 8 |
| Hong Kong dollar | Hong Kong | 2 |
| US dollar | United States | 57 |
| Yen | Japan | -0 |

Currency

National insurance market

Volatility adjustment (in bps)

Euro

Austria

20

Euro

Belgium

20

Euro

Cyprus

20

Euro

Estonia

20

Euro

Finland

20

Euro

France

20

Euro

Germany

20

Euro

Greece

20

Euro

Ireland

20

Euro

Italy

20

Euro

Latvia

20

Euro

Lithuania

20

Euro

Luxembourg

20

Euro

Malta

20

Euro

Netherlands

20

Euro

Portugal

20

Euro

Slovakia

20

Euro

Slovenia

20

Euro

Spain

20

Czech koruna

Czech Republic

16

Danish krone

Denmark

26

Forint

Hungary

17

Krona

Sweden

-1

Euro

Croatia

20

Lev

Bulgaria

17

Pound sterling

United Kingdom

21

Romanian leu

Romania

17

Zloty

Poland

16

Króna

Iceland

54

Norwegian krone

Norway

10

Swiss franc

Liechtenstein

-3

Swiss franc

Switzerland

-3

Australian dollar

Australia

-2

Canadian dollar

Canada

9

Renminbi-yuan

China

8

Hong Kong dollar

Hong Kong

2

US dollar

United States

57

Yen

Japan

-0

---

| 17.5.2023 | EN | Official Journal of the European Union | L 133/214 |
| --- | --- | --- | --- |

17.5.2023

EN

Official Journal of the European Union

L 133/214

---

COMMISSION IMPLEMENTING REGULATION (EU) 2023/968

of 16 May 2023

imposing a definitive anti-dumping duty on imports of certain heavy plate of non-alloy or other alloy steel originating in the People’s Republic of China following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) 2016/1036 of the European Parliament and of the Council of 8 June 2016 on protection against dumped imports from countries not members of the European Union (1) (‘the basic Regulation’), and in particular Article 11(2) thereof,

Having regard to Regulation (EU) 2015/477 of the European Parliament and of the Council of 11 March 2015 on measures that the European Union may take in relation to the combined effect of anti-dumping or anti-subsidy measures with safeguard measures (2), and in particular Article 1 thereof,

Whereas:

1.   PROCEDURE

PROCEDURE

1.1.   Previous investigations and measures in force

Previous investigations and measures in force

| (1) | By Implementing Regulation (EU) 2017/336 (3), the European Commission (‘the Commission’) imposed anti-dumping duties on imports of certain heavy plates of non-alloy or other alloy steel, originating in the People’s Republic of China, (‘the PRC’ or ‘China’ or ‘the country concerned’), (‘the original measures’). The investigation that led to the imposition of the original measures will be referred to hereinafter as ‘the original investigation’. |
| --- | --- |

(1)

By Implementing Regulation (EU) 2017/336 (3), the European Commission (‘the Commission’) imposed anti-dumping duties on imports of certain heavy plates of non-alloy or other alloy steel, originating in the People’s Republic of China, (‘the PRC’ or ‘China’ or ‘the country concerned’), (‘the original measures’). The investigation that led to the imposition of the original measures will be referred to hereinafter as ‘the original investigation’.

3

| (2) | By Implementing Regulation (EU) 2019/1382 (4) (‘the safeguard Regulation’), the Commission amended certain Regulations imposing anti-dumping or anti-subsidy measures on certain steel products subject to safeguard measures. |
| --- | --- |

(2)

By Implementing Regulation (EU) 2019/1382 (4) (‘the safeguard Regulation’), the Commission amended certain Regulations imposing anti-dumping or anti-subsidy measures on certain steel products subject to safeguard measures.

4

| (3) | The anti-dumping duties currently in force are at rates ranging between 65,1 % and 73,7 % on imports from the sampled exporting producers; at the rate of 70,6 % on imports from the non-sampled cooperating companies; and at the rate of 73,7 % on imports from all other companies from China. |
| --- | --- |

(3)

The anti-dumping duties currently in force are at rates ranging between 65,1 % and 73,7 % on imports from the sampled exporting producers; at the rate of 70,6 % on imports from the non-sampled cooperating companies; and at the rate of 73,7 % on imports from all other companies from China.

1.2.   Request for an expiry review

Request for an expiry review

| (4) | Following the publication of a notice of impending expiry (5) the Commission ('the Commission') received a request for a review pursuant to Article 11(2) of the basic Regulation. |
| --- | --- |

(4)

Following the publication of a notice of impending expiry (5) the Commission ('the Commission') received a request for a review pursuant to Article 11(2) of the basic Regulation.

5

| (5) | The request for review was submitted on 26 November 2021 by the European Steel Association EUROFER (‘the applicant’) on behalf of the Union industry of certain heavy plates of non-alloy or other alloy steel in the sense of Article 5(4) of the basic Regulation. |
| --- | --- |

(5)

The request for review was submitted on 26 November 2021 by the European Steel Association EUROFER (‘the applicant’) on behalf of the Union industry of certain heavy plates of non-alloy or other alloy steel in the sense of Article 5(4) of the basic Regulation.

| (6) | The request for review was based on the grounds that the expiry of the measures would be likely to result in continuation or recurrence of dumping and of injury to the Union industry. |
| --- | --- |

(6)

The request for review was based on the grounds that the expiry of the measures would be likely to result in continuation or recurrence of dumping and of injury to the Union industry.

1.3.   Initiation of an expiry review

Initiation of an expiry review

| (7) | Having determined, after consulting the Committee established by Article 15(1) of the basic Regulation, that sufficient evidence existed for the initiation of an expiry review, the Commission initiated, on 25 February 2022, an expiry review with regard to imports into the Union of certain heavy plates of non-alloy or other alloy steel originating in China on the basis of Article 11(2) of the basic Regulation. It published a Notice of Initiation in the Official Journal of the European Union (6) (‘the Notice of Initiation’). |
| --- | --- |

(7)

Having determined, after consulting the Committee established by Article 15(1) of the basic Regulation, that sufficient evidence existed for the initiation of an expiry review, the Commission initiated, on 25 February 2022, an expiry review with regard to imports into the Union of certain heavy plates of non-alloy or other alloy steel originating in China on the basis of Article 11(2) of the basic Regulation. It published a Notice of Initiation in the Official Journal of the European Union (6) (‘the Notice of Initiation’).

Official Journal of the European Union

6

1.4.   Review investigation period and period considered

Review investigation period and period considered

| (8) | The investigation of continuation or recurrence of dumping covered the period from 1 January 2021 to 31 December 2021 (‘review investigation period’). The examination of trends relevant for the assessment of the likelihood of a continuation or recurrence of injury covered the period from 1 January 2018 to the end of the review investigation period (‘the period considered’). |
| --- | --- |

(8)

The investigation of continuation or recurrence of dumping covered the period from 1 January 2021 to 31 December 2021 (‘review investigation period’). The examination of trends relevant for the assessment of the likelihood of a continuation or recurrence of injury covered the period from 1 January 2018 to the end of the review investigation period (‘the period considered’).

1.5.   Interested parties

Interested parties

| (9) | In the Notice of Initiation, interested parties were invited to contact the Commission in order to participate in the investigation. In addition, the Commission specifically informed the applicant and other known Union producers, the known producers in the PRC and the authorities of the PRC, known importers, users, traders, as well as associations known to be concerned, about the initiation of the expiry review and invited them to participate. |
| --- | --- |

(9)

In the Notice of Initiation, interested parties were invited to contact the Commission in order to participate in the investigation. In addition, the Commission specifically informed the applicant and other known Union producers, the known producers in the PRC and the authorities of the PRC, known importers, users, traders, as well as associations known to be concerned, about the initiation of the expiry review and invited them to participate.

| (10) | Interested parties had an opportunity to comment on the initiation of the expiry review and to request a hearing with the Commission and/or the Hearing Officer in trade proceedings. |
| --- | --- |

(10)

Interested parties had an opportunity to comment on the initiation of the expiry review and to request a hearing with the Commission and/or the Hearing Officer in trade proceedings.

| (11) | No parties requested to be heard. |
| --- | --- |

(11)

No parties requested to be heard.

1.6.   Comments on initiation

Comments on initiation

| (12) | The Commission received comments on initiation from China Iron and Steel Association (‘CISA’) and Primex Steel Trading GmbH (‘Primex’). The applicant also provided comments in this regard. |
| --- | --- |

(12)

The Commission received comments on initiation from China Iron and Steel Association (‘CISA’) and Primex Steel Trading GmbH (‘Primex’). The applicant also provided comments in this regard.

| (13) | Primex claimed that the request did not contain sufficient evidence of likelihood of recurrence or continuation of dumping. In particular, Primex claimed that the level of imports in the Union in case the measures are terminated will depend not only on the spare capacity in the PRC but also on the demand in the Union, price and cost relations as well as the intensity of competition on the world market, the existence of trade barriers on the world market and the development of exchange rates. Primex also claimed that the different sources for the spare capacity used by the applicant in the request raised doubt about the validity of this data. Primex stated that due to the change of the steel policy in China, including a reduction in certain export VAT refunds, there will be a moderate increase of imports into the Union in case measures were terminated. Primex also claimed that the Union market was not as attractive for the Chinese exporters as the applicant argued in the request for review. |
| --- | --- |

(13)

Primex claimed that the request did not contain sufficient evidence of likelihood of recurrence or continuation of dumping. In particular, Primex claimed that the level of imports in the Union in case the measures are terminated will depend not only on the spare capacity in the PRC but also on the demand in the Union, price and cost relations as well as the intensity of competition on the world market, the existence of trade barriers on the world market and the development of exchange rates. Primex also claimed that the different sources for the spare capacity used by the applicant in the request raised doubt about the validity of this data. Primex stated that due to the change of the steel policy in China, including a reduction in certain export VAT refunds, there will be a moderate increase of imports into the Union in case measures were terminated. Primex also claimed that the Union market was not as attractive for the Chinese exporters as the applicant argued in the request for review.

| (14) | The analysis of the request has shown that there was sufficient evidence at initiation stage pointing to a likelihood of continuation or recurrence of dumping should the anti-dumping measures applicable to imports from the PRC be allowed to lapse. The applicant based its analysis not only on the spare capacity in the PRC, but also on the attractiveness of the Union market due to its size and the established network of trading companies that the large Chinese heavy plate producers have in the Union, the trade defence measures imposed by third countries, and the unfair pricing behaviour of the PRC on third country markets. The legal standard of evidence required for an initiation (“sufficient evidence of dumping, injury and a causal link”) is lower than that required to reach a final determination (7). The requirement to provide sufficient evidence is limited to information which may be “reasonably available” to the requesting party (8). The information provided in the request is not required to constitute irrefutable evidence of the existence of the facts alleged (9). Therefore these claims were rejected. |
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(14)

The analysis of the request has shown that there was sufficient evidence at initiation stage pointing to a likelihood of continuation or recurrence of dumping should the anti-dumping measures applicable to imports from the PRC be allowed to lapse. The applicant based its analysis not only on the spare capacity in the PRC, but also on the attractiveness of the Union market due to its size and the established network of trading companies that the large Chinese heavy plate producers have in the Union, the trade defence measures imposed by third countries, and the unfair pricing behaviour of the PRC on third country markets. The legal standard of evidence required for an initiation (“sufficient evidence of dumping, injury and a causal link”) is lower than that required to reach a final determination (7). The requirement to provide sufficient evidence is limited to information which may be “reasonably available” to the requesting party (8). The information provided in the request is not required to constitute irrefutable evidence of the existence of the facts alleged (9). Therefore these claims were rejected.

7

8

9

| (15) | Primex disagreed with the applicant’s selection for the representative country, i.e. Brazil. In particular, Primex claimed that: the Brazilian market was smaller than the Chinese market: the Brazilian company Usinas Siderúrgicas de Minas Gerais SA (‘Usiminas’), used by the applicant for the calculation of the selling, general and administrative (‘SG&A’) costs and the profit margin, was not appropriate as this company has a dominant market position on the domestic market; the Brazilian market is protected from international import competition by anti-dumping duties against imports from Ukraine, China, South Africa and South Korea (10); and there are minor imports from Brazil into the Union. |
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(15)

Primex disagreed with the applicant’s selection for the representative country, i.e. Brazil. In particular, Primex claimed that: the Brazilian market was smaller than the Chinese market: the Brazilian company Usinas Siderúrgicas de Minas Gerais SA (‘Usiminas’), used by the applicant for the calculation of the selling, general and administrative (‘SG&A’) costs and the profit margin, was not appropriate as this company has a dominant market position on the domestic market; the Brazilian market is protected from international import competition by anti-dumping duties against imports from Ukraine, China, South Africa and South Korea (10); and there are minor imports from Brazil into the Union.

10

| (16) | Based on the information provided by the applicant, the Commission analysed the proposed representative country and considered that Brazil met the statutory requirements to be used as a representative country for the purpose of initiation of the expiry review. In particular, Brazil has a level of economic development similar to China according to the World Bank, it is a significant producer of heavy plate, and it has readily available data for the corresponding costs of production and sale. Therefore, the Commission considered that Brazil was an appropriate choice as a representative country at the initiation stage. |
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(16)

Based on the information provided by the applicant, the Commission analysed the proposed representative country and considered that Brazil met the statutory requirements to be used as a representative country for the purpose of initiation of the expiry review. In particular, Brazil has a level of economic development similar to China according to the World Bank, it is a significant producer of heavy plate, and it has readily available data for the corresponding costs of production and sale. Therefore, the Commission considered that Brazil was an appropriate choice as a representative country at the initiation stage.

| (17) | Primex also argued that the methodology for the dumping calculation in the request for review was not correct. In particular, Primex claimed that the investigation period (i.e. 1 January 2021 to 31 December 2021) was too short to establish a representative normal value and it was different than the period in the request for review. Primex also claimed that the prices of the main raw materials (iron ore, coking coal and scrap) were subject to strong fluctuations, especially the price of iron ore in 2021 and therefore 2021 could not be considered a representative year. Furthermore, Primex claimed that it was questionable whether the data of Union producer used by the applicant in the request for the consumption factors was representative for the whole market. Moreover, Primex claimed that the methodology used by the applicant in the request for review for the calculation of normal value for the PRC was not suitable as the applicant used only the data for labour costs, SG&A and profit from the Brazilian company Usiminas. Primex also claimed that the request for the review did not include evidence that the cost structure of the Union, Brazilian and Chinese producers were comparable with one another. Furthermore, Primex claimed that the request for review did not explain whether the price for the individual factors of production in Brazil are representative. Primex also argued that the applicant wrongly calculated the percentage of profit as a percentage of cost of sales when it should have been as a percentage of sales. Moreover Primex claimed that the representative profit margin should be calculated for a longer period of time and should include 2019 as well, as this year was not affected by the Covid-19 pandemic. Finally Primex claimed that the profit margin of 14 % used by the applicant in the request for review was not achievable under normal market conditions. Primex also claimed that the two methods used by the Applicant to calculate the export price in the request for review were not appropriate. |
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(17)

Primex also argued that the methodology for the dumping calculation in the request for review was not correct. In particular, Primex claimed that the investigation period (i.e. 1 January 2021 to 31 December 2021) was too short to establish a representative normal value and it was different than the period in the request for review. Primex also claimed that the prices of the main raw materials (iron ore, coking coal and scrap) were subject to strong fluctuations, especially the price of iron ore in 2021 and therefore 2021 could not be considered a representative year. Furthermore, Primex claimed that it was questionable whether the data of Union producer used by the applicant in the request for the consumption factors was representative for the whole market. Moreover, Primex claimed that the methodology used by the applicant in the request for review for the calculation of normal value for the PRC was not suitable as the applicant used only the data for labour costs, SG&A and profit from the Brazilian company Usiminas. Primex also claimed that the request for the review did not include evidence that the cost structure of the Union, Brazilian and Chinese producers were comparable with one another. Furthermore, Primex claimed that the request for review did not explain whether the price for the individual factors of production in Brazil are representative. Primex also argued that the applicant wrongly calculated the percentage of profit as a percentage of cost of sales when it should have been as a percentage of sales. Moreover Primex claimed that the representative profit margin should be calculated for a longer period of time and should include 2019 as well, as this year was not affected by the Covid-19 pandemic. Finally Primex claimed that the profit margin of 14 % used by the applicant in the request for review was not achievable under normal market conditions. Primex also claimed that the two methods used by the Applicant to calculate the export price in the request for review were not appropriate.

| (18) | An expiry review shall be initiated where the request contains sufficient evidence that the expiry of the measures would likely result in a continuation or recurrence of dumping and injury. The applicant has provided sufficient evidence on the export price and normal value showing that the dumping margins would be significant if measures were allowed to lapse. The figures on which normal value and export price were based were supported by sufficient evidence as confirmed by the Commission services’ own analysis. In practice, the calculation of normal value as well as the export price were in accordance with the principles of Article 2 of the basic Regulation and showed that the request contained sufficient evidence of dumping of the product concerned in the Union market. In its statutory analysis, the Commission took into account only those elements for which evidence was adequate and accurate. |
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(18)

An expiry review shall be initiated where the request contains sufficient evidence that the expiry of the measures would likely result in a continuation or recurrence of dumping and injury. The applicant has provided sufficient evidence on the export price and normal value showing that the dumping margins would be significant if measures were allowed to lapse. The figures on which normal value and export price were based were supported by sufficient evidence as confirmed by the Commission services’ own analysis. In practice, the calculation of normal value as well as the export price were in accordance with the principles of Article 2 of the basic Regulation and showed that the request contained sufficient evidence of dumping of the product concerned in the Union market. In its statutory analysis, the Commission took into account only those elements for which evidence was adequate and accurate.

| (19) | The Commission noted that there is no legal requirement in the basic Regulation regarding the period chosen by the applicant, nor any that the period chosen for the investigation had to be the same as the one chosen by the applicant. Pursuant to Article 6(1) of the basic Regulation, an investigation period shall be selected which in the case of dumping shall, normally, cover a period of no less than six months immediately prior to the initiation of proceeding. The period chosen by the applicant, i.e. 1 July 2020 until 30 June 2021, ended shortly before the submission of the expiry review request on 26 November 2021 and was therefore considered to be representative for the likelihood of continuation or recurrence of dumping and injury at the initiation stage. |
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(19)

The Commission noted that there is no legal requirement in the basic Regulation regarding the period chosen by the applicant, nor any that the period chosen for the investigation had to be the same as the one chosen by the applicant. Pursuant to Article 6(1) of the basic Regulation, an investigation period shall be selected which in the case of dumping shall, normally, cover a period of no less than six months immediately prior to the initiation of proceeding. The period chosen by the applicant, i.e. 1 July 2020 until 30 June 2021, ended shortly before the submission of the expiry review request on 26 November 2021 and was therefore considered to be representative for the likelihood of continuation or recurrence of dumping and injury at the initiation stage.

| (20) | In the original investigation, the Commission found that the product concerned and the product produced and sold in the Union by the Union industry are like products within the meaning of Article 1(4) of the basic Regulation. The expiry review request sets out that the production process of the Union industry, used by the applicant for the consumption factors, was similar to the production process in the PRC and in the representative country. The cost structure and the consumption factors used in the request were therefore considered representative. Pursuant to Article 2(6a) of the basic Regulation, the applicant constructed the normal value using the corresponding costs of production and sale in a representative country, i.e. Brazil. The costs in this country were applied to the consumption rates of the factors of production in order to calculate the costs of manufacturing, whereas SG&A and profit derived from publicly available financial statements of a producer in the representative country. It should be noted that even the comparison of the constructed costs of production, without any SG&A and profit of the producer in the representative country with Chinese export prices of the product under review to third countries showed dumping. Therefore, the claims of Primex on the profitability level are moot. |
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(20)

In the original investigation, the Commission found that the product concerned and the product produced and sold in the Union by the Union industry are like products within the meaning of Article 1(4) of the basic Regulation. The expiry review request sets out that the production process of the Union industry, used by the applicant for the consumption factors, was similar to the production process in the PRC and in the representative country. The cost structure and the consumption factors used in the request were therefore considered representative. Pursuant to Article 2(6a) of the basic Regulation, the applicant constructed the normal value using the corresponding costs of production and sale in a representative country, i.e. Brazil. The costs in this country were applied to the consumption rates of the factors of production in order to calculate the costs of manufacturing, whereas SG&A and profit derived from publicly available financial statements of a producer in the representative country. It should be noted that even the comparison of the constructed costs of production, without any SG&A and profit of the producer in the representative country with Chinese export prices of the product under review to third countries showed dumping. Therefore, the claims of Primex on the profitability level are moot.

| (21) | For the export price, the expiry review request used three methods, i.e. the average Chinese import price to the Union on a TARIC (11) level, the published average Chinese export FOB price for one of the main product types to all third countries, and the average Chinese export price to all third countries. These three methods were found to be sufficiently substantiated to comply with the legal standard at the initiation stage. |
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(21)

For the export price, the expiry review request used three methods, i.e. the average Chinese import price to the Union on a TARIC (11) level, the published average Chinese export FOB price for one of the main product types to all third countries, and the average Chinese export price to all third countries. These three methods were found to be sufficiently substantiated to comply with the legal standard at the initiation stage.

11

| (22) | CISA submitted that the request for review had an excessive use of confidentiality which precluded them from assessing the economic situation of the Union industry, as well as addressing the applicant’s claims in the request for review. This allegedly resulted in a breach of CISA’s rights of defence. For example, CISA referred particularly to Annex F1 (Capacity), Annex F2 (Exports), more specifically concerning Chinese exports of heavy plate from August 2020 until July 2021, and Annex N (undercutting and underselling calculations), more specifically in relation to Union industry sales and cost data to EU27 of the request for review. |
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(22)

CISA submitted that the request for review had an excessive use of confidentiality which precluded them from assessing the economic situation of the Union industry, as well as addressing the applicant’s claims in the request for review. This allegedly resulted in a breach of CISA’s rights of defence. For example, CISA referred particularly to Annex F1 (Capacity), Annex F2 (Exports), more specifically concerning Chinese exports of heavy plate from August 2020 until July 2021, and Annex N (undercutting and underselling calculations), more specifically in relation to Union industry sales and cost data to EU27 of the request for review.

| (23) | The Commission notes that the non-confidential Annex F1 contained ranged data for Chinese heavy plate consumption, capacity and production. The non-confidential Annex F2 contained a comprehensive summary of the average Chinese export price and the Chinese total volume of exports to the rest of the world, as well as to the top five export destinations. The non-confidential Annex N contained the full undercutting and underselling calculations, as well as the aggregated data on the average price and cost of the Union Industry. The non-confidential Annex M contained all applicants’ injury indicators indexed per company and non-confidential Annex K contained aggregated values of all data required for the calculation of EU consumption, including sales, as well as indexed per company. The information provided in the non-confidential version of the request for review was therefore considered to have sufficient detail to permit a reasonable understanding of the substance of the information submitted in confidence. |
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(23)

The Commission notes that the non-confidential Annex F1 contained ranged data for Chinese heavy plate consumption, capacity and production. The non-confidential Annex F2 contained a comprehensive summary of the average Chinese export price and the Chinese total volume of exports to the rest of the world, as well as to the top five export destinations. The non-confidential Annex N contained the full undercutting and underselling calculations, as well as the aggregated data on the average price and cost of the Union Industry. The non-confidential Annex M contained all applicants’ injury indicators indexed per company and non-confidential Annex K contained aggregated values of all data required for the calculation of EU consumption, including sales, as well as indexed per company. The information provided in the non-confidential version of the request for review was therefore considered to have sufficient detail to permit a reasonable understanding of the substance of the information submitted in confidence.

| (24) | Article 19 of the basic Regulation allows for the safeguarding of confidential information in circumstances where disclosure would be of significant competitive advantage to a competitor or would have a significant adverse effect upon a person providing the information or upon a person from whom that person has acquired the information. The information provided in the limited annexes to the request fell under these categories. The Commission considered that the version open for inspection by interested parties of the request contained all the essential evidence. The non-confidential summaries of data provided under confidential cover were sufficiently detailed to permit a reasonable understanding of the substance of information submitted in confidence in order for interested parties to exercise their rights of defense throughout the proceeding. Therefore, the claim was rejected. |
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(24)

Article 19 of the basic Regulation allows for the safeguarding of confidential information in circumstances where disclosure would be of significant competitive advantage to a competitor or would have a significant adverse effect upon a person providing the information or upon a person from whom that person has acquired the information. The information provided in the limited annexes to the request fell under these categories. The Commission considered that the version open for inspection by interested parties of the request contained all the essential evidence. The non-confidential summaries of data provided under confidential cover were sufficiently detailed to permit a reasonable understanding of the substance of information submitted in confidence in order for interested parties to exercise their rights of defense throughout the proceeding. Therefore, the claim was rejected.

| (25) | CISA claimed that the request for review included contradictory information, in particular as regards the export price from the PRC to the Union which had an impact on the findings of dumping. |
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(25)

CISA claimed that the request for review included contradictory information, in particular as regards the export price from the PRC to the Union which had an impact on the findings of dumping.

| (26) | The request for review did not contain contradictory information. The applicant constructed the normal value of two product types (S235 and S355) and used the Chinese import price at TARIC level for grade S235, and the published average Chinese export price for grade S355. Therefore, the applicant calculated the dumping margins by comparing similar product types. Moreover, the applicant found dumping when comparing the average Chinese sales price of the product under review to all third countries with both constructed normal values. Therefore, the claim had to be rejected. |
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(26)

The request for review did not contain contradictory information. The applicant constructed the normal value of two product types (S235 and S355) and used the Chinese import price at TARIC level for grade S235, and the published average Chinese export price for grade S355. Therefore, the applicant calculated the dumping margins by comparing similar product types. Moreover, the applicant found dumping when comparing the average Chinese sales price of the product under review to all third countries with both constructed normal values. Therefore, the claim had to be rejected.

| (27) | CISA claimed that the request did not contain sufficient evidence of likelihood of continuation or recurrence of injury. In particular, CISA claimed that there was no evidence in the request that demonstrated that the expiry of measures could lead to the continuation of injury. CISA also doubted the alleged fragile state of the Union Industry and claimed that if this state was valid, it could be attributed entirely to the decline of consumption and the contraction of demand. CISA also claimed that there was no indication of recurrence of injury because of the EU safeguard measures on certain steel products, among which heavy plate, and the fact that Chinese heavy plate exports were no longer eligible for VAT export refunds. |
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(27)

CISA claimed that the request did not contain sufficient evidence of likelihood of continuation or recurrence of injury. In particular, CISA claimed that there was no evidence in the request that demonstrated that the expiry of measures could lead to the continuation of injury. CISA also doubted the alleged fragile state of the Union Industry and claimed that if this state was valid, it could be attributed entirely to the decline of consumption and the contraction of demand. CISA also claimed that there was no indication of recurrence of injury because of the EU safeguard measures on certain steel products, among which heavy plate, and the fact that Chinese heavy plate exports were no longer eligible for VAT export refunds.

| (28) | The Commission considered the evidence present in the request as sufficient for dumping, injury and a causal link, which was reasonably available to the applicant. The main injury indicators included in the request showed a negative trend for the reference period chosen by the applicant and the applicant therefore claimed that it continued to suffer material injury. |
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(28)

The Commission considered the evidence present in the request as sufficient for dumping, injury and a causal link, which was reasonably available to the applicant. The main injury indicators included in the request showed a negative trend for the reference period chosen by the applicant and the applicant therefore claimed that it continued to suffer material injury.

| (29) | However, the applicant also acknowledged in its request for review that imports from the PRC had essentially stopped since the imposition of the original measures and the injurious situation of the Union industry as well as the decline of consumption was caused by other factors, such as the state of the general economy, especially in construction and pipeline projects, and the negative effect of the COVID-19 pandemic. It therefore also claimed the likelihood of recurrence of injury if measures were to lapse and provided sufficient evidence in this regard, showing that in the absence of measures imports from the PRC would likely increase at undercutting prices. The claim of CISA thus has to be rejected. |
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(29)

However, the applicant also acknowledged in its request for review that imports from the PRC had essentially stopped since the imposition of the original measures and the injurious situation of the Union industry as well as the decline of consumption was caused by other factors, such as the state of the general economy, especially in construction and pipeline projects, and the negative effect of the COVID-19 pandemic. It therefore also claimed the likelihood of recurrence of injury if measures were to lapse and provided sufficient evidence in this regard, showing that in the absence of measures imports from the PRC would likely increase at undercutting prices. The claim of CISA thus has to be rejected.

| (30) | Primex claimed that the CIF import price as well as the Union sales price that the applicant used for undercutting and underselling calculations in the request for review were wrong, and no undercutting or underselling margins should be found. In addition, Primex claimed that the profit margin used for the underselling calculation has not been achieved, even with measures in force during the past years. |
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(30)

Primex claimed that the CIF import price as well as the Union sales price that the applicant used for undercutting and underselling calculations in the request for review were wrong, and no undercutting or underselling margins should be found. In addition, Primex claimed that the profit margin used for the underselling calculation has not been achieved, even with measures in force during the past years.

| (31) | The Commission disagreed that the undercutting and underselling calculations in the request were incorrect. The applicant provided a comparison between the export price and the Union sales price for the most common product types, which is a comparison at a more granular level than the comparison of the average export price with the average Union industry’s sales price proposed by Primex. The applicant’s methodology is clearly explained in the expiry review request under point 3.6 and in Annex N, which contains a calculation for each representative product type, showing undercutting and underselling. Furthermore, regarding the profit margin used by the applicant for the underselling calculations, the Commission considered that this profit margin could be reasonably achieved under normal conditions of competition in the original investigation. It has to be noted that even if the applicant had not provided any underselling calculations, there was still sufficient evidence showing that injury caused by dumped imports from China would recur if measures were allowed to expire. Therefore, the claim was rejected. |
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(31)

The Commission disagreed that the undercutting and underselling calculations in the request were incorrect. The applicant provided a comparison between the export price and the Union sales price for the most common product types, which is a comparison at a more granular level than the comparison of the average export price with the average Union industry’s sales price proposed by Primex. The applicant’s methodology is clearly explained in the expiry review request under point 3.6 and in Annex N, which contains a calculation for each representative product type, showing undercutting and underselling. Furthermore, regarding the profit margin used by the applicant for the underselling calculations, the Commission considered that this profit margin could be reasonably achieved under normal conditions of competition in the original investigation. It has to be noted that even if the applicant had not provided any underselling calculations, there was still sufficient evidence showing that injury caused by dumped imports from China would recur if measures were allowed to expire. Therefore, the claim was rejected.

| (32) | CISA claimed that the Report relied on by the Commission failed to meet the standards of impartial and objective evidence and evidence of sufficient probative value, given in particular that it was prepared by the Commission with the specific purpose of facilitating Union industries to lodge a complaint in the area of trade measures. Furthermore, CISA claimed that since the Report was published in 2017, it could not reflect the alleged distortions for the investigation period covering the 2021 calendar year. |
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(32)

CISA claimed that the Report relied on by the Commission failed to meet the standards of impartial and objective evidence and evidence of sufficient probative value, given in particular that it was prepared by the Commission with the specific purpose of facilitating Union industries to lodge a complaint in the area of trade measures. Furthermore, CISA claimed that since the Report was published in 2017, it could not reflect the alleged distortions for the investigation period covering the 2021 calendar year.

| (33) | The Commission disagreed. The Commission noted that the Report is a comprehensive document based on extensive objective evidence, including legislation, regulations and other official policy documents published by the Government of the People’s Republic of China (‘GOC’), third party reports from international organisations, academic studies and articles by scholars, and other reliable independent sources. It was made publicly available since December 2017 so that any interested party would have had ample opportunity to rebut, supplement or comment on it and the evidence on which it is based, and neither the GOC nor other parties have submitted arguments or evidence rebutting the sources included in the Report. Likewise, regarding the argument that the Report was outdated, the Commission noted in particular that the main policy documents and evidence contained in the Report, including the relevant five-year plans and legislation applicable to the product under review were mostly still relevant during the RIP, and that no parties have proven that this was no longer the case. China only started publishing new five-year plans throughout year 2021 and a lot of those plans were only made public in the second half of the year. This was further confirmed through the case-specific research undertaken by the Commission, as summarised above. |
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(33)

The Commission disagreed. The Commission noted that the Report is a comprehensive document based on extensive objective evidence, including legislation, regulations and other official policy documents published by the Government of the People’s Republic of China (‘GOC’), third party reports from international organisations, academic studies and articles by scholars, and other reliable independent sources. It was made publicly available since December 2017 so that any interested party would have had ample opportunity to rebut, supplement or comment on it and the evidence on which it is based, and neither the GOC nor other parties have submitted arguments or evidence rebutting the sources included in the Report. Likewise, regarding the argument that the Report was outdated, the Commission noted in particular that the main policy documents and evidence contained in the Report, including the relevant five-year plans and legislation applicable to the product under review were mostly still relevant during the RIP, and that no parties have proven that this was no longer the case. China only started publishing new five-year plans throughout year 2021 and a lot of those plans were only made public in the second half of the year. This was further confirmed through the case-specific research undertaken by the Commission, as summarised above.

| (34) | Second, CISA submitted that the WTO Anti-Dumping Agreement (‘ADA’) does not recognize the concept of significant distortions in Article 2.2 of ADA. Instead, the provision allows the construction of the normal value in a limited number of specific conditions, which significant distortions not featuring among such conditions. Moreover, CISA submitted that Article 2.2 of ADA only permits using the cost of production in the country of origin plus a reasonable amount for administrative, selling and general costs and profits whereas Article 2(6a) of the basic Regulation allows the use of data from and appropriate representative country, thereby being WTO inconsistent. Furthermore, CISA claimed that any constructed value would need to be calculated in accordance with Article 2.2.1.1 of ADA and in line with the interpretation by WTO Appellate Body given in the EU – Biodiesel (DS 473) case, as well as by the WTO Panel in the EU – Cost Adjustment Methodologies II (Russia) (DS494) case, which do not mention the concept of significant distortions nor the possibility to disregard the exporting company’s data. |
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(34)

Second, CISA submitted that the WTO Anti-Dumping Agreement (‘ADA’) does not recognize the concept of significant distortions in Article 2.2 of ADA. Instead, the provision allows the construction of the normal value in a limited number of specific conditions, which significant distortions not featuring among such conditions. Moreover, CISA submitted that Article 2.2 of ADA only permits using the cost of production in the country of origin plus a reasonable amount for administrative, selling and general costs and profits whereas Article 2(6a) of the basic Regulation allows the use of data from and appropriate representative country, thereby being WTO inconsistent. Furthermore, CISA claimed that any constructed value would need to be calculated in accordance with Article 2.2.1.1 of ADA and in line with the interpretation by WTO Appellate Body given in the EU – Biodiesel (DS 473) case, as well as by the WTO Panel in the EU – Cost Adjustment Methodologies II (Russia) (DS494) case, which do not mention the concept of significant distortions nor the possibility to disregard the exporting company’s data.

| (35) | The Commission considered that the provisions of Article 2(6a) of the basic Regulation are fully consistent with the European Union's WTO obligations and the jurisprudence cited by CISA. First, the Commission considers concept of 'significant distortions’ to be compatible with the ADA. Furthermore, it is the Commission’s view that, in accordance with the decision of the WTO Panel and the Appellate Body in DS473, the provisions of the basic Regulation that apply generally with respect to all WTO Members, such as Article 2(5), second sub-paragraph, permit the use of data from a third country, duly adjusted when such adjustment is necessary and substantiated. The existence of significant distortions renders costs and prices in the exporting country inappropriate for the construction of normal value. In these circumstances, Article 2(6a) of the basic Regulation envisages the construction of costs of production and sale on the basis of undistorted prices or benchmarks, including those in an appropriate representative country with a similar level of development as the exporting country. In relation to the DS 494, the Panel Report in this dispute specifically considered the provisions in Article 2(6a) of the basic Regulation to be outside the scope of the dispute. Moreover, the Commission recalled that both the EU and the Russian Federation appealed the findings of the Panel, which are not final and therefore, according to standing WTO case-law, have no legal status in the WTO system, since they have not been endorsed by the Dispute Settlement Body through a decision by the WTO Members. Therefore, the Commission rejected this claim. |
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(35)

The Commission considered that the provisions of Article 2(6a) of the basic Regulation are fully consistent with the European Union's WTO obligations and the jurisprudence cited by CISA. First, the Commission considers concept of 'significant distortions’ to be compatible with the ADA. Furthermore, it is the Commission’s view that, in accordance with the decision of the WTO Panel and the Appellate Body in DS473, the provisions of the basic Regulation that apply generally with respect to all WTO Members, such as Article 2(5), second sub-paragraph, permit the use of data from a third country, duly adjusted when such adjustment is necessary and substantiated. The existence of significant distortions renders costs and prices in the exporting country inappropriate for the construction of normal value. In these circumstances, Article 2(6a) of the basic Regulation envisages the construction of costs of production and sale on the basis of undistorted prices or benchmarks, including those in an appropriate representative country with a similar level of development as the exporting country. In relation to the DS 494, the Panel Report in this dispute specifically considered the provisions in Article 2(6a) of the basic Regulation to be outside the scope of the dispute. Moreover, the Commission recalled that both the EU and the Russian Federation appealed the findings of the Panel, which are not final and therefore, according to standing WTO case-law, have no legal status in the WTO system, since they have not been endorsed by the Dispute Settlement Body through a decision by the WTO Members. Therefore, the Commission rejected this claim.

| (36) | Third, CISA argued that the practice of referring to past investigations as “evidence” of certain allegations, as done by the applicant in the request in the present investigation, would likely not withstand the Appellate Body’s approach on the burden of proof, as set out in the WTO Appellate Body’s ruling in the US – Definitive Antidumping and Countervailing Duties on Certain Products (China) (DS 379) case. |
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(36)

Third, CISA argued that the practice of referring to past investigations as “evidence” of certain allegations, as done by the applicant in the request in the present investigation, would likely not withstand the Appellate Body’s approach on the burden of proof, as set out in the WTO Appellate Body’s ruling in the US – Definitive Antidumping and Countervailing Duties on Certain Products (China) (DS 379) case.

| (37) | The Commission recalled that in DS 379 case, the Appellate Body’s ruling explicitly set out that cross referencing from one determination into another is allowed, where there is close temporal and substantive overlap between the two investigations. Such substantive overlap clearly exists between the present investigation and the GOES ('grain-oriented flat-rolled products of silicon-electrical steel') investigation referred to in the Request, as both investigations not only concern the steel sector in China but there was only a six months gap between the investigation period in GOES (1 July 2019 – 30 June 2020) and the RIP in the present investigation (1 January 2021 – 31 December 2021). |
| --- | --- |

(37)

The Commission recalled that in DS 379 case, the Appellate Body’s ruling explicitly set out that cross referencing from one determination into another is allowed, where there is close temporal and substantive overlap between the two investigations. Such substantive overlap clearly exists between the present investigation and the GOES ('grain-oriented flat-rolled products of silicon-electrical steel') investigation referred to in the Request, as both investigations not only concern the steel sector in China but there was only a six months gap between the investigation period in GOES (1 July 2019 – 30 June 2020) and the RIP in the present investigation (1 January 2021 – 31 December 2021).

| (38) | Fourth, CISA raised the issue of the 13th Five-Year Plan ('five years plan (‘FYP'’)), pointing out that, on the one hand, the plan should not be considered binding law but rather a general policy document which exist also in the EU and that, on the other hand, the RIP falls outside of the period covered by the 13th FYP. Further, CISA argues that the request continues referring to the 13th FYP, indicating that there is nothing in the 14th FYP that reduces State controls over the PRC economy in general or the steel sector in particular. |
| --- | --- |

(38)

Fourth, CISA raised the issue of the 13th Five-Year Plan ('five years plan (‘FYP'’)), pointing out that, on the one hand, the plan should not be considered binding law but rather a general policy document which exist also in the EU and that, on the other hand, the RIP falls outside of the period covered by the 13th FYP. Further, CISA argues that the request continues referring to the 13th FYP, indicating that there is nothing in the 14th FYP that reduces State controls over the PRC economy in general or the steel sector in particular.

th

th

th

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| (39) | This argument could not be accepted. First of all, China operates a periodic five years planning cycle. In that cycle, individual planning documents for the following cycle are prepared already during the previous one while, at the same time, individual planning documents of following cycle may be formally issued with some delay after the expiry of the corresponding planning documents of the previous cycle. The fact that the formal end date of the 13th FYP may not fall into the review investigation period or that the relevant 14th FYPs were published following a certain time gap after the end of the previous planning period cannot alter the nature of Chinese planning system in which the authorities and business operators always find themselves being part of the planning cycle. The Commission further underlined that the FYPs published by the GOC are not merely general guidance documents, but are of a legally binding nature. In this respect, the Commission referred to the detailed analysis of the plans in Chapter 4 of the Report, with a section specifically dedicated to the binding nature of plans in Section 4.3.1. Both the 14th FYP and the 13th FYP explicitly remind all authorities to diligently implement the plans: “We will strengthen planning management systems such as catalogues and lists, compilation and archival, and alignment and coordination, develop lists and catalogs such as the “14th Five-Year” National-Level Special Plans, promote plan archival relying on the national planning integrated management information platform, and bring various plans under unified management. We will establish and improve planning alignment and coordination mechanisms, align plans approved by the [Chinese Communist Party (‘CCP’)] Central Committee and the State Council and provincial development plans with this plan before submission for approval, ensure that national-level spatial planning, special planning, regional planning, and other levels of planning are coordinated with this plan in terms of main goals, development directions, overall layout, major policies, major projects, and risk prevention and control.” (12) Furthermore, the 14th FYP on Developing the Raw Materials Industry stipulates that “all localities need to better themselves with this Plan, and include the main contents and major projects herein in their primary local tasks”, while “steel and other key sectors shall formulate specific implementation opinions based on the objectives and tasks of this Plan.” (13) The claim of CISA thus has to be rejected. |
| --- | --- |

(39)

This argument could not be accepted. First of all, China operates a periodic five years planning cycle. In that cycle, individual planning documents for the following cycle are prepared already during the previous one while, at the same time, individual planning documents of following cycle may be formally issued with some delay after the expiry of the corresponding planning documents of the previous cycle. The fact that the formal end date of the 13th FYP may not fall into the review investigation period or that the relevant 14th FYPs were published following a certain time gap after the end of the previous planning period cannot alter the nature of Chinese planning system in which the authorities and business operators always find themselves being part of the planning cycle. The Commission further underlined that the FYPs published by the GOC are not merely general guidance documents, but are of a legally binding nature. In this respect, the Commission referred to the detailed analysis of the plans in Chapter 4 of the Report, with a section specifically dedicated to the binding nature of plans in Section 4.3.1. Both the 14th FYP and the 13th FYP explicitly remind all authorities to diligently implement the plans: “We will strengthen planning management systems such as catalogues and lists, compilation and archival, and alignment and coordination, develop lists and catalogs such as the “14th Five-Year” National-Level Special Plans, promote plan archival relying on the national planning integrated management information platform, and bring various plans under unified management. We will establish and improve planning alignment and coordination mechanisms, align plans approved by the [Chinese Communist Party (‘CCP’)] Central Committee and the State Council and provincial development plans with this plan before submission for approval, ensure that national-level spatial planning, special planning, regional planning, and other levels of planning are coordinated with this plan in terms of main goals, development directions, overall layout, major policies, major projects, and risk prevention and control.” (12) Furthermore, the 14th FYP on Developing the Raw Materials Industry stipulates that “all localities need to better themselves with this Plan, and include the main contents and major projects herein in their primary local tasks”, while “steel and other key sectors shall formulate specific implementation opinions based on the objectives and tasks of this Plan.” (13) The claim of CISA thus has to be rejected.

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1.7.   Sampling

Sampling

| (40) | In the Notice of Initiation, the Commission stated that it might sample the interested parties in accordance with Article 17 of the basic Regulation. |
| --- | --- |

(40)

In the Notice of Initiation, the Commission stated that it might sample the interested parties in accordance with Article 17 of the basic Regulation.

1.7.1.   Sampling of Union producers

Sampling of Union producers

| (41) | In the Notice of Initiation, the Commission stated that it had provisionally selected a sample of Union producers. The Commission selected the sample on the basis of the provisions of Article 17 of the basic Regulation. The Commission selected the sample on the basis of production and sales of the like product in the Union during the review investigation period, namely from 1 January 2021 until 31 December 2021. This provisional sample consisted of three Union producers. The sampled Union producers accounted for more than 25 % of the estimated total volume of Union production and more than 31 % of the estimated total Union sales volume of the like product. In accordance with Article 17(2) of the basic Regulation, the Commission invited interested parties to comment on the provisional sample. No comments were received. |
| --- | --- |

(41)

In the Notice of Initiation, the Commission stated that it had provisionally selected a sample of Union producers. The Commission selected the sample on the basis of the provisions of Article 17 of the basic Regulation. The Commission selected the sample on the basis of production and sales of the like product in the Union during the review investigation period, namely from 1 January 2021 until 31 December 2021. This provisional sample consisted of three Union producers. The sampled Union producers accounted for more than 25 % of the estimated total volume of Union production and more than 31 % of the estimated total Union sales volume of the like product. In accordance with Article 17(2) of the basic Regulation, the Commission invited interested parties to comment on the provisional sample. No comments were received.

| (42) | In the Note of 8 March 2022, the Commission confirmed the provisionally selected sample as the definitive sample, which is deemed to be representative of the Union industry. |
| --- | --- |

(42)

In the Note of 8 March 2022, the Commission confirmed the provisionally selected sample as the definitive sample, which is deemed to be representative of the Union industry.

1.7.2.   Sampling of importers

Sampling of importers

| (43) | To decide whether sampling was necessary and, if so, to select a sample, the Commission asked unrelated importers to provide the information specified in the Notice of Initiation. |
| --- | --- |

(43)

To decide whether sampling was necessary and, if so, to select a sample, the Commission asked unrelated importers to provide the information specified in the Notice of Initiation.

| (44) | No unrelated importers came forward. |
| --- | --- |

(44)

No unrelated importers came forward.

1.7.3.   Sampling of exporting producers in the People’s Republic of China

Sampling of exporting producers in the People’s Republic of China

| (45) | To decide whether sampling was necessary and, if so, to select a sample, the Commission asked all known exporting producers in the People’s Republic of China to provide the information specified in the Notice of Initiation. In addition, the Commission asked the Mission of the People’s Republic of China to the European Union to identify and/or contact other exporting producers, if any, that could be interested in participating in the investigation. |
| --- | --- |

(45)

To decide whether sampling was necessary and, if so, to select a sample, the Commission asked all known exporting producers in the People’s Republic of China to provide the information specified in the Notice of Initiation. In addition, the Commission asked the Mission of the People’s Republic of China to the European Union to identify and/or contact other exporting producers, if any, that could be interested in participating in the investigation.

| (46) | None of the exporting producers in the country concerned provided the requested information and agreed to be included in the sample. |
| --- | --- |

(46)

None of the exporting producers in the country concerned provided the requested information and agreed to be included in the sample.

1.8.   Replies to the questionnaires

Replies to the questionnaires

| (47) | The Commission sent a questionnaire concerning the existence of significant distortions in the PRC within the meaning of Article 2(6a)(b) of the basic Regulation to the GOC. |
| --- | --- |

(47)

The Commission sent a questionnaire concerning the existence of significant distortions in the PRC within the meaning of Article 2(6a)(b) of the basic Regulation to the GOC.

| (48) | The Commission sent letters with a link to a questionnaire to the sampled Union producers:


  — | AG der Dillinger Hüttenwerke, Dillingen, Germany; |
| --- | --- | --- |

(48)

The Commission sent letters with a link to a questionnaire to the sampled Union producers:

—

AG der Dillinger Hüttenwerke, Dillingen, Germany;

| — | Ilsenburger Grobblech GmbH, Ilsenburg, Germany; |
| --- | --- |

—

Ilsenburger Grobblech GmbH, Ilsenburg, Germany;

| — | ArcelorMittal España, S.A., Avilés, Spain. |
| --- | --- |

—

ArcelorMittal España, S.A., Avilés, Spain.

| (49) | The same questionnaire had also been made available in the file for inspection by interested parties and on DG Trade’s website online (14) on the day of initiation. |
| --- | --- |

(49)

The same questionnaire had also been made available in the file for inspection by interested parties and on DG Trade’s website online (14) on the day of initiation.

14

| (50) | Questionnaire replies were received from the three sampled Union producers. |
| --- | --- |

(50)

Questionnaire replies were received from the three sampled Union producers.

| (51) | In the notice of initiation, the Commission also invited users and their representative associations, trade unions and representative consumer organisations to provide information on the Union interest and to fill in a specific questionnaire. |
| --- | --- |

(51)

In the notice of initiation, the Commission also invited users and their representative associations, trade unions and representative consumer organisations to provide information on the Union interest and to fill in a specific questionnaire.

| (52) | Replies to the questionnaire intended for users of the product under review were received from three companies:


  — | Vestas Wind Systems A/S, Denmark (‘Vestas’); |
| --- | --- | --- |

(52)

Replies to the questionnaire intended for users of the product under review were received from three companies:

—

Vestas Wind Systems A/S, Denmark (‘Vestas’);

| — | Astilleros Gondán S.A., Spain; |
| --- | --- |

—

Astilleros Gondán S.A., Spain;

| — | Europipe GmbH, Germany. |
| --- | --- |

—

Europipe GmbH, Germany.

1.9.   Verification

Verification

| (53) | The Commission sought and verified all the information deemed necessary for the determination of the likelihood of continuation or recurrence of dumping and injury and of the Union interest. Verification visits pursuant to Article 16 of the basic Regulation were carried out at the premises of the following companies: | Union producers


  — | AG der Dillinger Hüttenwerke, Dillingen, Germany; |
| --- | --- | --- | --- |

(53)

The Commission sought and verified all the information deemed necessary for the determination of the likelihood of continuation or recurrence of dumping and injury and of the Union interest. Verification visits pursuant to Article 16 of the basic Regulation were carried out at the premises of the following companies:

Union producers

Union producers

—

AG der Dillinger Hüttenwerke, Dillingen, Germany;

| — | Ilsenburger Grobblech GmbH, Ilsenburg, Germany; |
| --- | --- |

—

Ilsenburger Grobblech GmbH, Ilsenburg, Germany;

| — | ArcelorMittal España, S.A., Avilés, Spain. |
| --- | --- |

—

ArcelorMittal España, S.A., Avilés, Spain.

| (54) | The Commission intended to carry out a verification visit at the premises of the main independent user (Vestas) but the company did not offer sufficient cooperation to allow such visit to take place. |
| --- | --- |

(54)

The Commission intended to carry out a verification visit at the premises of the main independent user (Vestas) but the company did not offer sufficient cooperation to allow such visit to take place.

1.10.   Disclosure

Disclosure

| (55) | On 28 February 2023, the Commission informed all interested parties of the essential facts and considerations on the basis of which it intended to impose a definitive anti-dumping duty on imports of heavy plates originating in the PRC (‘final disclosure’). All parties were granted a period within which they could make comments on the final disclosure. The Commission received comments from the applicant and from CISA. |
| --- | --- |

(55)

On 28 February 2023, the Commission informed all interested parties of the essential facts and considerations on the basis of which it intended to impose a definitive anti-dumping duty on imports of heavy plates originating in the PRC (‘final disclosure’). All parties were granted a period within which they could make comments on the final disclosure. The Commission received comments from the applicant and from CISA.

| (56) | Following final disclosure, interested parties were granted an opportunity to be heard according to the provisions stipulated under point 5.8 of the Notice of Initiation. A hearing on final disclosure took place with CISA. |
| --- | --- |

(56)

Following final disclosure, interested parties were granted an opportunity to be heard according to the provisions stipulated under point 5.8 of the Notice of Initiation. A hearing on final disclosure took place with CISA.

2.   PRODUCT UNDER REVIEW, PRODUCT CONCERNED AND LIKE PRODUCT

PRODUCT UNDER REVIEW, PRODUCT CONCERNED AND LIKE PRODUCT

2.1.   Product under review

Product under review

| (57) | The product under review is the same as in the original investigation, namely flat products of non-alloy or alloy steel (excluding stainless steel, silicon-electrical steel, tool steel and high-speed steel), hot-rolled, not clad, plated or coated, not in coils, of a thickness exceeding 10 mm and of a width of 600 mm or more or of a thickness of 4,75 mm or more but not exceeding 10 mm and of a width of 2 050 mm or more, (‘the product under review’ or ‘heavy plate’). |
| --- | --- |

(57)

The product under review is the same as in the original investigation, namely flat products of non-alloy or alloy steel (excluding stainless steel, silicon-electrical steel, tool steel and high-speed steel), hot-rolled, not clad, plated or coated, not in coils, of a thickness exceeding 10 mm and of a width of 600 mm or more or of a thickness of 4,75 mm or more but not exceeding 10 mm and of a width of 2 050 mm or more, (‘the product under review’ or ‘heavy plate’).

| (58) | Heavy plates are used in the manufacture of construction, mining and logging equipment; pressure vessels; oil and gas pipelines; shipbuilding and bridges and buildings. |
| --- | --- |

(58)

Heavy plates are used in the manufacture of construction, mining and logging equipment; pressure vessels; oil and gas pipelines; shipbuilding and bridges and buildings.

2.2.   Product concerned

Product concerned

| (59) | The product concerned by this investigation is the product under review originating in China currently falling under CN codes ex 7208 51 20, ex 7208 51 91, ex 7208 51 98, ex 7208 52 91, ex 7208 90 20, ex 7208 90 80, 7225 40 40, ex 7225 40 60 and ex 7225 99 00 (TARIC codes: 7208512010, 7208519110, 7208519810, 7208529110, 7208902010, 7208908020, 7225406010 and 7225990045). The CN and TARIC codes are given for information only, without prejudice to a subsequent change in the tariff classification. |
| --- | --- |

(59)

The product concerned by this investigation is the product under review originating in China currently falling under CN codes ex 7208 51 20, ex 7208 51 91, ex 7208 51 98, ex 7208 52 91, ex 7208 90 20, ex 7208 90 80, 7225 40 40, ex 7225 40 60 and ex 7225 99 00 (TARIC codes: 7208512010, 7208519110, 7208519810, 7208529110, 7208902010, 7208908020, 7225406010 and 7225990045). The CN and TARIC codes are given for information only, without prejudice to a subsequent change in the tariff classification.

2.3.   Like product

Like product

| (60) | As established in the original investigation, this expiry review investigation confirmed that the following products have the same basic physical and technical characteristics as well as the same basic uses:


  — | the product concerned when exported to the Union; |
| --- | --- | --- |

(60)

As established in the original investigation, this expiry review investigation confirmed that the following products have the same basic physical and technical characteristics as well as the same basic uses:

—

the product concerned when exported to the Union;

| — | the product under review produced and sold on the domestic market of China; and |
| --- | --- |

—

the product under review produced and sold on the domestic market of China; and

| — | the product under review produced and sold in the Union by the Union industry. |
| --- | --- |

—

the product under review produced and sold in the Union by the Union industry.

| (61) | These products are therefore considered to be like products within the meaning of Article 1(4) of the basic Regulation. |
| --- | --- |

(61)

These products are therefore considered to be like products within the meaning of Article 1(4) of the basic Regulation.

3.   DUMPING

DUMPING

Preliminary remarks

| (62) | During the review investigation period, heavy plates from the PRC were imported in negligible volume, which could not form the basis for a determination of continuation of dumping. The Commission therefore analysed the likelihood of recurrence of dumping in the next section. |
| --- | --- |

(62)

During the review investigation period, heavy plates from the PRC were imported in negligible volume, which could not form the basis for a determination of continuation of dumping. The Commission therefore analysed the likelihood of recurrence of dumping in the next section.

4.   LIKELIHOOD OF RECURRENCE OF DUMPING

LIKELIHOOD OF RECURRENCE OF DUMPING

| (63) | The Commission investigated, in accordance with Article 11(2) of the basic Regulation, the likelihood of recurrence of dumping, should the measures be repealed. The following elements were analysed: the production capacity and spare capacity in the PRC, attractiveness of the Union market and export prices to third country markets, as well as possible absorption capacity of third country markets. |
| --- | --- |

(63)

The Commission investigated, in accordance with Article 11(2) of the basic Regulation, the likelihood of recurrence of dumping, should the measures be repealed. The following elements were analysed: the production capacity and spare capacity in the PRC, attractiveness of the Union market and export prices to third country markets, as well as possible absorption capacity of third country markets.

| (64) | As mentioned in recital (46), none of the producers from the PRC cooperated in the investigation. Therefore, the Commission informed the authorities of the PRC that due to the absence of cooperation, the Commission may apply Article 18 of the basic Regulation concerning the findings with regard to the exporting producers in the PRC. The Commission did not receive any comments or requests for an intervention of the Hearing Officer in this regard. |
| --- | --- |

(64)

As mentioned in recital (46), none of the producers from the PRC cooperated in the investigation. Therefore, the Commission informed the authorities of the PRC that due to the absence of cooperation, the Commission may apply Article 18 of the basic Regulation concerning the findings with regard to the exporting producers in the PRC. The Commission did not receive any comments or requests for an intervention of the Hearing Officer in this regard.

| (65) | Consequently, in accordance with Article 18 of the basic Regulation, the findings in relation to the likelihood of recurrence of dumping were based on facts available, in particular information in the request for review duly updated if available, information obtained from the applicant) and information from other publicly available sources, in particular the Global Trade Atlas (‘GTA’) (15). |
| --- | --- |

(65)

Consequently, in accordance with Article 18 of the basic Regulation, the findings in relation to the likelihood of recurrence of dumping were based on facts available, in particular information in the request for review duly updated if available, information obtained from the applicant) and information from other publicly available sources, in particular the Global Trade Atlas (‘GTA’) (15).

15

4.1.   Production capacity and spare capacity in the PRC

Production capacity and spare capacity in the PRC

| (66) | According to information provided by the applicant in the request for review, heavy plates production capacity in the PRC in the RIP was based on two sources of information, such as CRU (16) and MCI (17). According to the CRU report, China had a heavy plate production capacity of 94 million tonnes in 2021 with actual production of 86 million tonnes, leaving a spare capacity of at least 8 million tonnes. According to MCI, China had a heavy plate production capacity of 113 million tonnes in 2021 with actual production of 99 million tonnes, leaving a spare capacity of at least 14 million tonnes. |
| --- | --- |

(66)

According to information provided by the applicant in the request for review, heavy plates production capacity in the PRC in the RIP was based on two sources of information, such as CRU (16) and MCI (17). According to the CRU report, China had a heavy plate production capacity of 94 million tonnes in 2021 with actual production of 86 million tonnes, leaving a spare capacity of at least 8 million tonnes. According to MCI, China had a heavy plate production capacity of 113 million tonnes in 2021 with actual production of 99 million tonnes, leaving a spare capacity of at least 14 million tonnes.

16

17

| (67) | Therefore, it follows that the spare capacity in China is between 8 and 14 million tonnes, which is sufficient to cover the entire Union consumption in the RIP, which was 8,2 million tonnes as indicated in Table 2 in recital (177). The applicant considered that, given such a large spare capacity, imports to the Union from China could increase to over 1 million tonnes per year, as they did in the investigation period (2015) of the original investigation (18). |
| --- | --- |

(67)

Therefore, it follows that the spare capacity in China is between 8 and 14 million tonnes, which is sufficient to cover the entire Union consumption in the RIP, which was 8,2 million tonnes as indicated in Table 2 in recital (177). The applicant considered that, given such a large spare capacity, imports to the Union from China could increase to over 1 million tonnes per year, as they did in the investigation period (2015) of the original investigation (18).

18

| (68) | As indicated in recital (13), Primex argued that the Chinese capacity for heavy plates was indicated very differently according to the source, that the origin of the original data was not stated and that the decline in spare capacity between 2018 and 2021 suggested that potential Chinese exports to the Union have become smaller in recent years. |
| --- | --- |

(68)

As indicated in recital (13), Primex argued that the Chinese capacity for heavy plates was indicated very differently according to the source, that the origin of the original data was not stated and that the decline in spare capacity between 2018 and 2021 suggested that potential Chinese exports to the Union have become smaller in recent years.

| (69) | The applicant clarified that the capacity estimates were based on two detailed reports provided by independent third parties, i.e. CRU and MCI, based on the data of substantial numbers of Chinese companies. In addition, the applicant argued that the decline in spare capacity was associated with an increase in apparent Chinese consumption until 2020, followed by a decline in consumption from 2021 and a forecast of continuing weakness in the Chinese economy. The Chinese consumption of heavy plates was at around 85 million tonnes in 2021. The applicant also stated that the International Monetary Fund reported that growth in China had weakened significantly since the start of 2022 (19). Furthermore, according to the OECD, the slowdown in steel consumption started in July 2021 when the construction sector experienced a deceleration (20). According to one of the Union producers’ market knowledge, it is expected that China will register a negative heavy plate demand growth in the medium term. |
| --- | --- |

(69)

The applicant clarified that the capacity estimates were based on two detailed reports provided by independent third parties, i.e. CRU and MCI, based on the data of substantial numbers of Chinese companies. In addition, the applicant argued that the decline in spare capacity was associated with an increase in apparent Chinese consumption until 2020, followed by a decline in consumption from 2021 and a forecast of continuing weakness in the Chinese economy. The Chinese consumption of heavy plates was at around 85 million tonnes in 2021. The applicant also stated that the International Monetary Fund reported that growth in China had weakened significantly since the start of 2022 (19). Furthermore, according to the OECD, the slowdown in steel consumption started in July 2021 when the construction sector experienced a deceleration (20). According to one of the Union producers’ market knowledge, it is expected that China will register a negative heavy plate demand growth in the medium term.

19

20

| (70) | Therefore, the applicant argued that Chinese consumption of heavy plate would likely decline further, resulting in a continuing increase in spare capacity resulting in greater pressure for Chinese producers to find third country markets for their excess steel capacity. |
| --- | --- |

(70)

Therefore, the applicant argued that Chinese consumption of heavy plate would likely decline further, resulting in a continuing increase in spare capacity resulting in greater pressure for Chinese producers to find third country markets for their excess steel capacity.

| (71) | The applicant further argued that a sharp increase in imports of Chinese slab (CN code 7207 12 10) into the Union in the period June to August 2022 demonstrates large Chinese spare capacity and their ability to move very large amounts of steel into the Union in a very short timeframe. |
| --- | --- |

(71)

The applicant further argued that a sharp increase in imports of Chinese slab (CN code 7207 12 10) into the Union in the period June to August 2022 demonstrates large Chinese spare capacity and their ability to move very large amounts of steel into the Union in a very short timeframe.

| (72) | The Commission considered that the information provided in the request, as clarified by the applicant, as well as the evidence they provided with regard to an anticipated reduction in consumption in China and the recent increase in slab imports, suggested that spare capacity of heavy plates in China is substantial and unlikely to decrease in the medium term. The Commission therefore, rejected the arguments put forward by Primex. |
| --- | --- |

(72)

The Commission considered that the information provided in the request, as clarified by the applicant, as well as the evidence they provided with regard to an anticipated reduction in consumption in China and the recent increase in slab imports, suggested that spare capacity of heavy plates in China is substantial and unlikely to decrease in the medium term. The Commission therefore, rejected the arguments put forward by Primex.

| (73) | Therefore, the Commission found that there was substantial spare capacity to increase exports to the Union in substantial quantities, if measures were allowed to expire. |
| --- | --- |

(73)

Therefore, the Commission found that there was substantial spare capacity to increase exports to the Union in substantial quantities, if measures were allowed to expire.

4.2.   Attractiveness of the Union market and export prices to third countries

Attractiveness of the Union market and export prices to third countries

| (74) | According to the information provided by the applicant in the request for the review, the Union heavy plate market is amongst the largest markets in the world. In addition, the capacity of Chinese producers as stated in recital (66) exceeds the Chinese consumption stated in recital (69) by at least 9 million tonnes, so Chinese producers are searching for export markets to absorb their excess capacity. |
| --- | --- |

(74)

According to the information provided by the applicant in the request for the review, the Union heavy plate market is amongst the largest markets in the world. In addition, the capacity of Chinese producers as stated in recital (66) exceeds the Chinese consumption stated in recital (69) by at least 9 million tonnes, so Chinese producers are searching for export markets to absorb their excess capacity.

| (75) | The applicant indicated in the request for review that large Chinese heavy plate producers, like Baoshan Iron & Steel Co., Ltd. (“Baosteel”) and Wuhan Iron & Steel Co., Ltd. (“WISCO”), have established trading companies in the Union to facilitate their imports into the Union. This was confirmed in the Commission Implementing Regulation imposing a definitive anti-dumping duty on imports of certain GOES originating, among other countries, in the PRC (21). |
| --- | --- |

(75)

The applicant indicated in the request for review that large Chinese heavy plate producers, like Baoshan Iron & Steel Co., Ltd. (“Baosteel”) and Wuhan Iron & Steel Co., Ltd. (“WISCO”), have established trading companies in the Union to facilitate their imports into the Union. This was confirmed in the Commission Implementing Regulation imposing a definitive anti-dumping duty on imports of certain GOES originating, among other countries, in the PRC (21).

21

| (76) | As mentioned in recital (67), imports of heavy plate from China reached over 1 million tonnes in 2015, before the imposition of anti-dumping duties. Therefore, it is likely that if the measures are allowed to lapse, Chinese exporters would once again be attracted to export in substantial volumes to the Union market. |
| --- | --- |

(76)

As mentioned in recital (67), imports of heavy plate from China reached over 1 million tonnes in 2015, before the imposition of anti-dumping duties. Therefore, it is likely that if the measures are allowed to lapse, Chinese exporters would once again be attracted to export in substantial volumes to the Union market.

| (77) | Primex argued that the safeguard measures applied to heavy plates (adjusted by Commission Implementing Regulation (EU) 2022/434 (22)) limited imports into the Union until 30 June 2024. They argued that imports from China fall under the quota for other countries and imports in that category in 2021 were around 370 000 tonnes. They argued that as other countries will not stop exporting to the Union, China will not have access to the full quota allotted to other countries. |
| --- | --- |

(77)

Primex argued that the safeguard measures applied to heavy plates (adjusted by Commission Implementing Regulation (EU) 2022/434 (22)) limited imports into the Union until 30 June 2024. They argued that imports from China fall under the quota for other countries and imports in that category in 2021 were around 370 000 tonnes. They argued that as other countries will not stop exporting to the Union, China will not have access to the full quota allotted to other countries.

22

| (78) | The applicant also commented in the request for review that the current EU safeguard measures on imports of certain steel products do not meaningfully restrict the import volumes for heavy plate. |
| --- | --- |

(78)

The applicant also commented in the request for review that the current EU safeguard measures on imports of certain steel products do not meaningfully restrict the import volumes for heavy plate.

| (79) | However, for the period 1 July 2022 until 30 June 2023 the total tariff-rate quota for non-alloy and other alloy quarto plates was set at more than 3,2 million tonnes, out of which around 2,2 million tonnes of this amount was allocated to “other countries”, including China. Furthermore, for the period 1 July 2023 to 30 June 2024 the quota was set at about 3,4 million tonnes, out of which around 2,3 million tonnes were allocated to “other countries”, including China as well (23). Imports of heavy plates from countries classified as “other countries” (i.e. excluding Ukraine) totalled less than 0,8 million tonnes during the RIP as indicated in tables 3 and 5, so there is scope for China to increase imports to more than 1 million tonnes without being affected by the safeguard measures. |
| --- | --- |

(79)

However, for the period 1 July 2022 until 30 June 2023 the total tariff-rate quota for non-alloy and other alloy quarto plates was set at more than 3,2 million tonnes, out of which around 2,2 million tonnes of this amount was allocated to “other countries”, including China. Furthermore, for the period 1 July 2023 to 30 June 2024 the quota was set at about 3,4 million tonnes, out of which around 2,3 million tonnes were allocated to “other countries”, including China as well (23). Imports of heavy plates from countries classified as “other countries” (i.e. excluding Ukraine) totalled less than 0,8 million tonnes during the RIP as indicated in tables 3 and 5, so there is scope for China to increase imports to more than 1 million tonnes without being affected by the safeguard measures.

23

| (80) | The Commission considers that the quota available to imports from China is therefore, substantial and the existence of the quota would not detract from the attractiveness of the Union market, if the anti-dumping duties were allowed to expire, while imports within the substantial quota were still available. |
| --- | --- |

(80)

The Commission considers that the quota available to imports from China is therefore, substantial and the existence of the quota would not detract from the attractiveness of the Union market, if the anti-dumping duties were allowed to expire, while imports within the substantial quota were still available.

| (81) | Furthermore, in order to have an indication of the likely pricing behaviour to the Union in the absence of measures, the Commission also compared the Chinese export price to third countries with the Chinese normal value. |
| --- | --- |

(81)

Furthermore, in order to have an indication of the likely pricing behaviour to the Union in the absence of measures, the Commission also compared the Chinese export price to third countries with the Chinese normal value.

| (82) | In the absence of cooperation from the Chinese exporting producers and the GOC, the Commission determined normal value based on the information provided in the request for the expiry review and other readily available information as explained in the following section. |
| --- | --- |

(82)

In the absence of cooperation from the Chinese exporting producers and the GOC, the Commission determined normal value based on the information provided in the request for the expiry review and other readily available information as explained in the following section.

4.2.1.   Procedure for the determination of the normal value under Article 2(6a) of the basic Regulation for the imports of heavy plates originating in the PRC

Procedure for the determination of the normal value under Article 2(6a) of the basic Regulation for the imports of heavy plates originating in the PRC

| (83) | Given the sufficient evidence available at the initiation of the investigation tending to show, with regard to the PRC, the existence of significant distortions within the meaning of point (b) of Article 2(6a) of the basic Regulation, the Commission initiated the investigation on the basis of Article 2(6a) of the basic Regulation. |
| --- | --- |

(83)

Given the sufficient evidence available at the initiation of the investigation tending to show, with regard to the PRC, the existence of significant distortions within the meaning of point (b) of Article 2(6a) of the basic Regulation, the Commission initiated the investigation on the basis of Article 2(6a) of the basic Regulation.

| (84) | In order to obtain information it deemed necessary for its investigation with regard to the alleged significant distortions, the Commission sent a questionnaire to the GOC. In addition, in point 5.3.2 of the Notice of Initiation, the Commission invited all interested parties to make their views known, submit information and provide supporting evidence regarding the application of Article 2(6a) of the basic Regulation within 37 days of the date of publication of the Notice of Initiation in the Official Journal of the European Union. No questionnaire reply was received from the GOC. Subsequently, the Commission informed the GOC that it would use facts available within the meaning of Article 18 of the basic Regulation for the determination of the existence of the significant distortions in the PRC. |
| --- | --- |

(84)

In order to obtain information it deemed necessary for its investigation with regard to the alleged significant distortions, the Commission sent a questionnaire to the GOC. In addition, in point 5.3.2 of the Notice of Initiation, the Commission invited all interested parties to make their views known, submit information and provide supporting evidence regarding the application of Article 2(6a) of the basic Regulation within 37 days of the date of publication of the Notice of Initiation in the Official Journal of the European Union. No questionnaire reply was received from the GOC. Subsequently, the Commission informed the GOC that it would use facts available within the meaning of Article 18 of the basic Regulation for the determination of the existence of the significant distortions in the PRC.

Official Journal of the European Union

| (85) | In point 5.3.2 of the Notice of Initiation, the Commission also specified that, in view of the evidence available, it may need to select an appropriate representative country pursuant to Article 2(6a)(a) of the basic Regulation for the purpose of determining the normal value based on undistorted prices or benchmarks and suggested Brazil in this regard. The Commission further stated that it would examine other possibly appropriate countries in accordance with the criteria set out in first indent of Article 2(6a) of the basic Regulation. |
| --- | --- |

(85)

In point 5.3.2 of the Notice of Initiation, the Commission also specified that, in view of the evidence available, it may need to select an appropriate representative country pursuant to Article 2(6a)(a) of the basic Regulation for the purpose of determining the normal value based on undistorted prices or benchmarks and suggested Brazil in this regard. The Commission further stated that it would examine other possibly appropriate countries in accordance with the criteria set out in first indent of Article 2(6a) of the basic Regulation.

| (86) | On 16 December 2022 , the Commission informed by a Note to interested parties of the relevant sources that it intended to use for the determination of the normal value (the Note), with Brazil as a representative country. It also informed interested parties that it would establish SG&A costs and profits based on available information for the company Usinas Siderúrgicas de Minas Gerais (‘Usiminas’) and Gerdau S/A (‘Gerdau’), producers of the product under review in the representative country. |
| --- | --- |

(86)

On 16 December 2022 , the Commission informed by a Note to interested parties of the relevant sources that it intended to use for the determination of the normal value (the Note), with Brazil as a representative country. It also informed interested parties that it would establish SG&A costs and profits based on available information for the company Usinas Siderúrgicas de Minas Gerais (‘Usiminas’) and Gerdau S/A (‘Gerdau’), producers of the product under review in the representative country.

| (87) | In their comments to the Note the applicant claimed that the Commission should take into account also other factors of production used in the manufacturing of heavy plates such as wire of non-alloy aluminium, aluminium waste and scrap, ferro-alloy, ferro-silicon, water, heavy oils, acetylene etc. |
| --- | --- |

(87)

In their comments to the Note the applicant claimed that the Commission should take into account also other factors of production used in the manufacturing of heavy plates such as wire of non-alloy aluminium, aluminium waste and scrap, ferro-alloy, ferro-silicon, water, heavy oils, acetylene etc.

| (88) | In the Note the Commission presented the main factors of production. In addition to those factors of production the Commission also added consumables and overheads as explained in recitals (139) and (149). Furthermore, considering that the current investigation is an expiry review pursuant to Article 11(2) on the basic Regulation, which does not require a precise dumping margin calculation, but rather to establish the likelihood of continuation or recurrence of dumping, the Commission considered that in this case it could exceptionally focus on the main factors of production for the calculation of the normal value. Furthermore, as specified in recitals (184) and (185), there were negligible imports of product concerned from the PRC during the review investigation period. Therefore, the constructed normal value will be used only for comparison with the Chinese export price to third countries. |
| --- | --- |

(88)

In the Note the Commission presented the main factors of production. In addition to those factors of production the Commission also added consumables and overheads as explained in recitals (139) and (149). Furthermore, considering that the current investigation is an expiry review pursuant to Article 11(2) on the basic Regulation, which does not require a precise dumping margin calculation, but rather to establish the likelihood of continuation or recurrence of dumping, the Commission considered that in this case it could exceptionally focus on the main factors of production for the calculation of the normal value. Furthermore, as specified in recitals (184) and (185), there were negligible imports of product concerned from the PRC during the review investigation period. Therefore, the constructed normal value will be used only for comparison with the Chinese export price to third countries.

4.2.2.   Normal value

Normal value

| (89) | According to Article 2(1) of the basic Regulation, “the normal value shall normally be based on the prices paid or payable, in the ordinary course of trade, by independent customers in the exporting country”. |
| --- | --- |

(89)

According to Article 2(1) of the basic Regulation, “the normal value shall normally be based on the prices paid or payable, in the ordinary course of trade, by independent customers in the exporting country”.

| (90) | However, according to Article 2(6a)(a) of the basic Regulation, “in case it is determined [...] that it is not appropriate to use domestic prices and costs in the exporting country due to the existence in that country of significant distortions within the meaning of point (b), the normal value shall be constructed exclusively on the basis of costs of production and sale reflecting undistorted prices or benchmarks”, and “shall include an undistorted and reasonable amount of administrative, selling and general costs and for profits”. |
| --- | --- |

(90)

However, according to Article 2(6a)(a) of the basic Regulation, “in case it is determined [...] that it is not appropriate to use domestic prices and costs in the exporting country due to the existence in that country of significant distortions within the meaning of point (b), the normal value shall be constructed exclusively on the basis of costs of production and sale reflecting undistorted prices or benchmarks”, and “shall include an undistorted and reasonable amount of administrative, selling and general costs and for profits”.

| (91) | As further explained below, the Commission concluded in the present investigation that, based on the evidence available the application of Article 2(6a) of the basic Regulation was appropriate. |
| --- | --- |

(91)

As further explained below, the Commission concluded in the present investigation that, based on the evidence available the application of Article 2(6a) of the basic Regulation was appropriate.

4.2.2.1.   Existence of significant distortions

| (92) | In recent investigations concerning the steel sector in the PRC (24), the Commission found that significant distortions in the sense of Article 2(6a)(b) of the basic Regulation were present. |
| --- | --- |

(92)

In recent investigations concerning the steel sector in the PRC (24), the Commission found that significant distortions in the sense of Article 2(6a)(b) of the basic Regulation were present.

24

| (93) | In those investigations, the Commission found that there is substantial government intervention in the PRC resulting in a distortion of the effective allocation of resources in line with market principles (25). In particular, the Commission concluded that in the steel sector, which is the main raw material to produce the product under review, not only does a substantial degree of ownership by the GOC persist in the sense of Article 2(6a)(b), first indent of the basic Regulation (26), but the GOC is also in a position to interfere with prices and costs through State presence in firms in the sense of Article 2(6a)(b), second indent of the basic Regulation (27). The Commission further found that the State’s presence and intervention in the financial markets, as well as in the provision of raw materials and inputs have an additional distorting effect on the market. Indeed, overall, the system of planning in the PRC results in resources being concentrated in sectors designated as strategic or otherwise politically important by the GOC, rather than being allocated in line with market forces (28). Moreover, the Commission concluded that the Chinese bankruptcy and property laws do not work properly in the sense of Article 2(6a)(b), fourth indent of the basic Regulation, thus generating distortions in particular when maintaining insolvent firms afloat and when allocating land use rights in the PRC (29). In the same vein, the Commission found distortions of wage costs in the steel sector in the sense of Article 2(6a)(b), fifth indent of the basic Regulation (30), as well as distortions in the financial markets in the sense of Article 2(6a)(b), sixth indent of the basic Regulation, in particular concerning access to capital for corporate actors in the PRC (31). |
| --- | --- |

(93)

In those investigations, the Commission found that there is substantial government intervention in the PRC resulting in a distortion of the effective allocation of resources in line with market principles (25). In particular, the Commission concluded that in the steel sector, which is the main raw material to produce the product under review, not only does a substantial degree of ownership by the GOC persist in the sense of Article 2(6a)(b), first indent of the basic Regulation (26), but the GOC is also in a position to interfere with prices and costs through State presence in firms in the sense of Article 2(6a)(b), second indent of the basic Regulation (27). The Commission further found that the State’s presence and intervention in the financial markets, as well as in the provision of raw materials and inputs have an additional distorting effect on the market. Indeed, overall, the system of planning in the PRC results in resources being concentrated in sectors designated as strategic or otherwise politically important by the GOC, rather than being allocated in line with market forces (28). Moreover, the Commission concluded that the Chinese bankruptcy and property laws do not work properly in the sense of Article 2(6a)(b), fourth indent of the basic Regulation, thus generating distortions in particular when maintaining insolvent firms afloat and when allocating land use rights in the PRC (29). In the same vein, the Commission found distortions of wage costs in the steel sector in the sense of Article 2(6a)(b), fifth indent of the basic Regulation (30), as well as distortions in the financial markets in the sense of Article 2(6a)(b), sixth indent of the basic Regulation, in particular concerning access to capital for corporate actors in the PRC (31).

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| (94) | Like in previous investigations concerning the steel sector in the PRC, the Commission examined in the present investigation whether it was appropriate or not to use domestic prices and costs in the PRC, due to the existence of significant distortions within the meaning of point (b) of Article 2(6a) of the basic Regulation. The Commission did so on the basis of the evidence available on the file, including the evidence contained in the request, as well as in the including the Commission Staff Working Document on Significant Distortions in the Economy of the People’s Republic of China for the Purposes of Trade Defense Investigations (32) (‘Report’), which relies on publicly available sources. That analysis covered the examination of the substantial government interventions in the PRC’s economy in general, but also the specific market situation in the relevant sector including the product under review. The Commission further supplemented these evidentiary elements with its own research on the various criteria relevant to confirm the existence of significant distortions in the PRC as also found by its previous investigations in this respect. |
| --- | --- |

(94)

Like in previous investigations concerning the steel sector in the PRC, the Commission examined in the present investigation whether it was appropriate or not to use domestic prices and costs in the PRC, due to the existence of significant distortions within the meaning of point (b) of Article 2(6a) of the basic Regulation. The Commission did so on the basis of the evidence available on the file, including the evidence contained in the request, as well as in the including the Commission Staff Working Document on Significant Distortions in the Economy of the People’s Republic of China for the Purposes of Trade Defense Investigations (32) (‘Report’), which relies on publicly available sources. That analysis covered the examination of the substantial government interventions in the PRC’s economy in general, but also the specific market situation in the relevant sector including the product under review. The Commission further supplemented these evidentiary elements with its own research on the various criteria relevant to confirm the existence of significant distortions in the PRC as also found by its previous investigations in this respect.

32

| (95) | The applicant submitted in the request that the prices and costs of steel products in the PRC, including the product under review, are not the result of free market forces. The request alleged that all factors of production – land, energy, capital, raw materials and labour – are equally distorted. To support its position, the request referred to a number of publicly available information sources, such as the Report, the conclusions reached by the U.S. Department of Commerce (33), the Commission’s recent investigations of the Chinese steel sector (34), the 13th FYP for National Economic and Social Development of the PRC as well as the 14th FYP for National Economic and Social Development of the PRC. |
| --- | --- |

(95)

The applicant submitted in the request that the prices and costs of steel products in the PRC, including the product under review, are not the result of free market forces. The request alleged that all factors of production – land, energy, capital, raw materials and labour – are equally distorted. To support its position, the request referred to a number of publicly available information sources, such as the Report, the conclusions reached by the U.S. Department of Commerce (33), the Commission’s recent investigations of the Chinese steel sector (34), the 13th FYP for National Economic and Social Development of the PRC as well as the 14th FYP for National Economic and Social Development of the PRC.

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| (96) | On this basis, the request emphasized that:


  — | The steel sector is considered a pillar industry in China, in which the GOC controls virtually every aspect of the steel sector’s development and functioning by utilizing a range of policies and directives, such as the five-year-plans, to influence market composition and restricting raw materials, investment, capacity elimination, product range, relocation, upgrading, etc. |
| --- | --- | --- |

(96)

On this basis, the request emphasized that:

—

The steel sector is considered a pillar industry in China, in which the GOC controls virtually every aspect of the steel sector’s development and functioning by utilizing a range of policies and directives, such as the five-year-plans, to influence market composition and restricting raw materials, investment, capacity elimination, product range, relocation, upgrading, etc.

| — | Baoshan Iron & Steel Co., Ltd. (‘Baosteel’), one of the main Chinese Heavy Plates producers, is a major State-owned enterprise and is part of the China Baowu Steel Group Co. Ltd. (‘Baowu’), which includes Wuhan Iron / Steel Co., Ltd. (‘WISCO’). Both Baosteel and WISCO have several party building activities, have party members in the company management and emphasize their association with the CCP. |
| --- | --- |

—

Baoshan Iron & Steel Co., Ltd. (‘Baosteel’), one of the main Chinese Heavy Plates producers, is a major State-owned enterprise and is part of the China Baowu Steel Group Co. Ltd. (‘Baowu’), which includes Wuhan Iron / Steel Co., Ltd. (‘WISCO’). Both Baosteel and WISCO have several party building activities, have party members in the company management and emphasize their association with the CCP.

| — | The costs of raw-materials, such as steel and iron ore, and energy in the PRC are not the result of free market forces as the production of these raw materials is subject to State support in the PRC; significant systemic distortions exist also with respect to access to capital, land and labour. |
| --- | --- |

—

The costs of raw-materials, such as steel and iron ore, and energy in the PRC are not the result of free market forces as the production of these raw materials is subject to State support in the PRC; significant systemic distortions exist also with respect to access to capital, land and labour.

| (97) | The GOC did not comment or provide evidence supporting or rebutting the existing evidence on the case file, including the Report and the additional evidence provided by the applicant, on the existence of significant distortions and/or appropriateness of the application of Article 2(6a) of the basic Regulation in the case at hand. |
| --- | --- |

(97)

The GOC did not comment or provide evidence supporting or rebutting the existing evidence on the case file, including the Report and the additional evidence provided by the applicant, on the existence of significant distortions and/or appropriateness of the application of Article 2(6a) of the basic Regulation in the case at hand.

| (98) | Specifically in the sector of the product under review, i.e. the steel sector, a substantial degree of ownership by the GOC persists in the sense of Article 2(6a)(b), first indent of the basic Regulation. Since there was no cooperation from Chinese exporters of the product under review, the exact ratio of the private and state-owned producers could not be determined. However, the investigation confirmed that the two largest producers in the steel sector, namely Angang Steel Group (‘Ansteel’) and Baowu are either fully state-owned or the State holds a controlling stake. In any event, even when specific information may not be available for the product under review, the sector represents a sub-sector of the steel industry and the findings concerning the steel sector are therefore deemed indicative also for the product under review. |
| --- | --- |

(98)

Specifically in the sector of the product under review, i.e. the steel sector, a substantial degree of ownership by the GOC persists in the sense of Article 2(6a)(b), first indent of the basic Regulation. Since there was no cooperation from Chinese exporters of the product under review, the exact ratio of the private and state-owned producers could not be determined. However, the investigation confirmed that the two largest producers in the steel sector, namely Angang Steel Group (‘Ansteel’) and Baowu are either fully state-owned or the State holds a controlling stake. In any event, even when specific information may not be available for the product under review, the sector represents a sub-sector of the steel industry and the findings concerning the steel sector are therefore deemed indicative also for the product under review.

| (99) | Both public and privately owned enterprises in the steel sector are subject to policy supervision and guidance. The latest Chinese policy documents concerning the steel sector confirm the continued importance which GOC attributes to the sector, including the intention to intervene in the sector in order to shape it in line with the government policies. This is exemplified by the Ministry of Industry and Information Technology’s draft Guiding Opinion on Fostering a High Quality Development of Steel Industry which calls for further consolidation of the industrial foundation and significant improvement in the modernization level of the industrial chain (35), by the 14th FYP on Developing the Raw Material Industry according to which the sector will “adhere to the combination of market leadership and government promotion” and will “cultivate a group of leading companies with ecological leadership and core competitiveness” (36)or also by the 14th FYP on Developing Scrap Steel Industry whose key objectives is to “continuously increase the application ratio of scrap steel, and by the end of the 14th FYP, the comprehensive scrap ratio of national steelmaking will reach 30%.” (37) |
| --- | --- |

(99)

Both public and privately owned enterprises in the steel sector are subject to policy supervision and guidance. The latest Chinese policy documents concerning the steel sector confirm the continued importance which GOC attributes to the sector, including the intention to intervene in the sector in order to shape it in line with the government policies. This is exemplified by the Ministry of Industry and Information Technology’s draft Guiding Opinion on Fostering a High Quality Development of Steel Industry which calls for further consolidation of the industrial foundation and significant improvement in the modernization level of the industrial chain (35), by the 14th FYP on Developing the Raw Material Industry according to which the sector will “adhere to the combination of market leadership and government promotion” and will “cultivate a group of leading companies with ecological leadership and core competitiveness” (36)or also by the 14th FYP on Developing Scrap Steel Industry whose key objectives is to “continuously increase the application ratio of scrap steel, and by the end of the 14th FYP, the comprehensive scrap ratio of national steelmaking will reach 30%.” (37)

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| (100) | Similar examples of the intention by the Chinese authorities to supervise and guide the developments of the sector can be seen at the provincial level, such as in Hebei which plans to “steadily implement the group development of organizations, accelerate the reform of mixed ownership of state-owned enterprises, focus on promoting the cross-regional merger and reorganization of private iron and steel enterprises, and strive to establish 1-2 world-class large groups, 3-5 large groups with domestic influence as the support” and to “further expand the recycling and circulation channels of scrap steel, strengthen the screening and classification of scrap steel.” (38) Similarly, the Henan Implementation Plan for the Transformation and Upgrade of the Steel Industry during the 14th FYP foresees the “construction of characteristic steel production bases [...], build 6 characteristic steel production bases in Anyang, Jiyuan, Pingdingshan, Xinyang, Shangqiu, Zhouou, etc., and improve the scale, intensification, specialisation and distinction of the industry. Among them, by 2025, the production capacity of pig iron in Anyang will be controlled within 14 million tons, and the production capacity of crude steel will be controlled within 15 million tons.” (39) Further industrial policy objectives can also be seen in the planning documents of other provinces, such as Jiangsu (40), Shandong (41), Shanxi (42), Liaoning Dalian (43) or Zhejiang (44). |
| --- | --- |

(100)

Similar examples of the intention by the Chinese authorities to supervise and guide the developments of the sector can be seen at the provincial level, such as in Hebei which plans to “steadily implement the group development of organizations, accelerate the reform of mixed ownership of state-owned enterprises, focus on promoting the cross-regional merger and reorganization of private iron and steel enterprises, and strive to establish 1-2 world-class large groups, 3-5 large groups with domestic influence as the support” and to “further expand the recycling and circulation channels of scrap steel, strengthen the screening and classification of scrap steel.” (38) Similarly, the Henan Implementation Plan for the Transformation and Upgrade of the Steel Industry during the 14th FYP foresees the “construction of characteristic steel production bases [...], build 6 characteristic steel production bases in Anyang, Jiyuan, Pingdingshan, Xinyang, Shangqiu, Zhouou, etc., and improve the scale, intensification, specialisation and distinction of the industry. Among them, by 2025, the production capacity of pig iron in Anyang will be controlled within 14 million tons, and the production capacity of crude steel will be controlled within 15 million tons.” (39) Further industrial policy objectives can also be seen in the planning documents of other provinces, such as Jiangsu (40), Shandong (41), Shanxi (42), Liaoning Dalian (43) or Zhejiang (44).

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| (101) | As to the GOC being in a position to interfere with prices and costs through State presence in firms in the sense of Article 2(6a)(b), second indent of the basic Regulation, due to the lack of cooperation from the side of the exporting producers, it was impossible to systematically establish existence of personal connections between producers of the product under review and the CCP. However, given that the product under review represents a subsector of the steel sector, information available with respect to steel producers is relevant also to the product under review. |
| --- | --- |

(101)

As to the GOC being in a position to interfere with prices and costs through State presence in firms in the sense of Article 2(6a)(b), second indent of the basic Regulation, due to the lack of cooperation from the side of the exporting producers, it was impossible to systematically establish existence of personal connections between producers of the product under review and the CCP. However, given that the product under review represents a subsector of the steel sector, information available with respect to steel producers is relevant also to the product under review.

| (102) | For instance, Ansteel’s Chairman serves at the same time as the Secretary of the Party Committee. Similarly, the Director and General Manager of Ansteel occupies the position of the Party Committee’s Deputy Secretary (45). In the case of Baowu, the Chairman of Baosteel, which is a subsidiary held at 100 % by Baowu, holds at the same time the position of Secretary of the Party Committee, whereas the Managing Director serves also as the Deputy Secretary of the Party Committee and the Deputy General Manager serves as a Member of the Standing Committee of the Party Committee (46). |
| --- | --- |

(102)

For instance, Ansteel’s Chairman serves at the same time as the Secretary of the Party Committee. Similarly, the Director and General Manager of Ansteel occupies the position of the Party Committee’s Deputy Secretary (45). In the case of Baowu, the Chairman of Baosteel, which is a subsidiary held at 100 % by Baowu, holds at the same time the position of Secretary of the Party Committee, whereas the Managing Director serves also as the Deputy Secretary of the Party Committee and the Deputy General Manager serves as a Member of the Standing Committee of the Party Committee (46).

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| (103) | Moreover, Ansteel’s Party Committee issued a report on the study and implementation of the spirit of General Secretary Xi Jinping’s “July 1” important speech on 22 July 2022: “We must work hard to implement the spirit of General Secretary Xi Jinping’s “July 1” important speech, carefully compare the arrangements and arrangements of the Ansteel Group Party Committee, study and formulate “optional actions”, closely contact the actual situation of promoting Ansteel Group’s “14th Five-Year” development strategy, and conduct in-depth investigations research, do practical things well, and open new affairs well.” (47) On 2 April 2021, their affiliation to the party was emphasized in a trade union meeting of the Ansteel Group that “trade union organizations at all levels of Ansteel Group should adhere to the leadership of the party, reflect the political responsibility of trade unions, and consciously serve the overall high-quality development of Ansteel Group.” (48) |
| --- | --- |

(103)

Moreover, Ansteel’s Party Committee issued a report on the study and implementation of the spirit of General Secretary Xi Jinping’s “July 1” important speech on 22 July 2022: “We must work hard to implement the spirit of General Secretary Xi Jinping’s “July 1” important speech, carefully compare the arrangements and arrangements of the Ansteel Group Party Committee, study and formulate “optional actions”, closely contact the actual situation of promoting Ansteel Group’s “14th Five-Year” development strategy, and conduct in-depth investigations research, do practical things well, and open new affairs well.” (47) On 2 April 2021, their affiliation to the party was emphasized in a trade union meeting of the Ansteel Group that “trade union organizations at all levels of Ansteel Group should adhere to the leadership of the party, reflect the political responsibility of trade unions, and consciously serve the overall high-quality development of Ansteel Group.” (48)

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| (104) | Furthermore, as reported on Baowu’s website: “Baowu fully implements the requirements of the “Opinion on Strengthening the Party’s Leadership in the Improvement of Corporate Governance by Central Enterprises”, systematically optimizes the major decision-making system, and forms the implementation measures for the “three important and one big” decision-making system, the list of decision-making powers and responsibilities for major matters, and the board of directors.” (49) |
| --- | --- |

(104)

Furthermore, as reported on Baowu’s website: “Baowu fully implements the requirements of the “Opinion on Strengthening the Party’s Leadership in the Improvement of Corporate Governance by Central Enterprises”, systematically optimizes the major decision-making system, and forms the implementation measures for the “three important and one big” decision-making system, the list of decision-making powers and responsibilities for major matters, and the board of directors.” (49)

49

| (105) | Further, policies discriminating in favour of domestic producers or otherwise influencing the market in the sense of Article 2(6a)(b), third indent of the basic Regulation are in place in the sector of the product under review. Even though no policy documents guiding specifically the development of the heavy plates industry as such could be identified during the investigation, the industry benefits from governmental guidance and intervention into the steel sector, given that the product under review represents one of its subsectors. |
| --- | --- |

(105)

Further, policies discriminating in favour of domestic producers or otherwise influencing the market in the sense of Article 2(6a)(b), third indent of the basic Regulation are in place in the sector of the product under review. Even though no policy documents guiding specifically the development of the heavy plates industry as such could be identified during the investigation, the industry benefits from governmental guidance and intervention into the steel sector, given that the product under review represents one of its subsectors.

| (106) | The steel industry keeps being regarded as a key industry by the GOC (50). This is confirmed in the numerous plans, directives and other documents focused on steel, which are issued at national, regional and municipal level. Under the 14th Five Years Plan adopted in March 2021, the GOC earmarked the steel industry for transformation and upgrade, as well as optimization and structural adjustment (51). Similarly, the 14th Five Years Plan on Developing the Raw Materials Industry, applicable also to the steel industry, lists the sector as the “bedrock of the real economy” and “a key field that shapes China’s international competitive edge” and sets a number of objectives and working methods which would drive the development of the steel sector in the time period 2021-2025, such a technological upgrade, improving the structure of the sector (not least by means of further corporate concentrations) or digital transformation (52). |
| --- | --- |

(106)

The steel industry keeps being regarded as a key industry by the GOC (50). This is confirmed in the numerous plans, directives and other documents focused on steel, which are issued at national, regional and municipal level. Under the 14th Five Years Plan adopted in March 2021, the GOC earmarked the steel industry for transformation and upgrade, as well as optimization and structural adjustment (51). Similarly, the 14th Five Years Plan on Developing the Raw Materials Industry, applicable also to the steel industry, lists the sector as the “bedrock of the real economy” and “a key field that shapes China’s international competitive edge” and sets a number of objectives and working methods which would drive the development of the steel sector in the time period 2021-2025, such a technological upgrade, improving the structure of the sector (not least by means of further corporate concentrations) or digital transformation (52).

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th

52

| (107) | The other important raw material used for the production of heavy plates is iron ore. Iron ore is also mentioned in the 14th FYP on Developing the Raw Materials Industry, in which the State plans to “rationally develop domestic mineral resources. Strengthen the exploration of iron ore [...], implement preferential tax policies, encourage the adoption of advanced technology and equipment to reduce the generation of mining solid waste.” (53) In provinces, such as Hebei, the authorities foresee the following for the sector: “new project investment discount subsidy; explore and guide financial institutions to provide low-interest loans for iron and steel enterprises to switch to new industries, and at the same time, the government will provide discount subsidies.” (54) In sum, the GOC has measures in place to induce operators to comply with the public policy objectives of supporting encouraged industries, including the production of the main raw materials used in the manufacturing of the product under review. Such measures impede market forces from operating freely. |
| --- | --- |

(107)

The other important raw material used for the production of heavy plates is iron ore. Iron ore is also mentioned in the 14th FYP on Developing the Raw Materials Industry, in which the State plans to “rationally develop domestic mineral resources. Strengthen the exploration of iron ore [...], implement preferential tax policies, encourage the adoption of advanced technology and equipment to reduce the generation of mining solid waste.” (53) In provinces, such as Hebei, the authorities foresee the following for the sector: “new project investment discount subsidy; explore and guide financial institutions to provide low-interest loans for iron and steel enterprises to switch to new industries, and at the same time, the government will provide discount subsidies.” (54) In sum, the GOC has measures in place to induce operators to comply with the public policy objectives of supporting encouraged industries, including the production of the main raw materials used in the manufacturing of the product under review. Such measures impede market forces from operating freely.

th

53

54

| (108) | The present investigation has not revealed any evidence that the discriminatory application or inadequate enforcement of bankruptcy and property laws according to Article 2(6a)(b), fourth indent of the basic Regulation in the heavy plates sector referred to above in recital (93) would not affect the manufacturers of the product under review. |
| --- | --- |

(108)

The present investigation has not revealed any evidence that the discriminatory application or inadequate enforcement of bankruptcy and property laws according to Article 2(6a)(b), fourth indent of the basic Regulation in the heavy plates sector referred to above in recital (93) would not affect the manufacturers of the product under review.

| (109) | The heavy plates sector is also affected by the distortions of wage costs in the sense of Article 2(6a)(b), fifth indent of the basic Regulation, as also referred to above in recital (93). Those distortions affect the sector both directly (when producing the product under review or the main inputs), as well as indirectly (when having access to inputs from companies subject to the same labour system in the PRC) (55). |
| --- | --- |

(109)

The heavy plates sector is also affected by the distortions of wage costs in the sense of Article 2(6a)(b), fifth indent of the basic Regulation, as also referred to above in recital (93). Those distortions affect the sector both directly (when producing the product under review or the main inputs), as well as indirectly (when having access to inputs from companies subject to the same labour system in the PRC) (55).

55

| (110) | Moreover, no evidence was submitted in the present investigation demonstrating that the sector of the product under review is not affected by the government intervention in the financial system in the sense of Article 2(6a)(b), sixth indent of the basic Regulation, as also referred to above in recital (93). Therefore, the substantial government intervention in the financial system leads to the market conditions being severely affected at all levels. |
| --- | --- |

(110)

Moreover, no evidence was submitted in the present investigation demonstrating that the sector of the product under review is not affected by the government intervention in the financial system in the sense of Article 2(6a)(b), sixth indent of the basic Regulation, as also referred to above in recital (93). Therefore, the substantial government intervention in the financial system leads to the market conditions being severely affected at all levels.

| (111) | Finally, the Commission recalls that in order to produce the product under review, a number of inputs is needed. When the producers of heavy plates purchase/contract these inputs, the prices they pay (and which are recorded as their costs) are clearly exposed to the same systemic distortions mentioned before. For instance, suppliers of inputs employ labour that is subject to the distortions. They may borrow money that is subject to the distortions on the financial sector/capital allocation. In addition, they are subject to the planning system that applies across all levels of government and sectors. |
| --- | --- |

(111)

Finally, the Commission recalls that in order to produce the product under review, a number of inputs is needed. When the producers of heavy plates purchase/contract these inputs, the prices they pay (and which are recorded as their costs) are clearly exposed to the same systemic distortions mentioned before. For instance, suppliers of inputs employ labour that is subject to the distortions. They may borrow money that is subject to the distortions on the financial sector/capital allocation. In addition, they are subject to the planning system that applies across all levels of government and sectors.

| (112) | As a consequence, not only the domestic sales prices of heavy plates are not appropriate for use within the meaning of Article 2(6a)(a) of the basic Regulation, but all the input costs (including raw materials, energy, land, financing, labour, etc.) are also affected because their price formation is affected by substantial government intervention, as described in Parts I and II of the Report. Indeed, the government interventions described in relation to the allocation of capital, land, labour, energy and raw materials are present throughout the PRC. This means, for instance, that an input that in itself was produced in the PRC by combining a range of factors of production is exposed to significant distortions. The same applies for the input to the input and so forth. |
| --- | --- |

(112)

As a consequence, not only the domestic sales prices of heavy plates are not appropriate for use within the meaning of Article 2(6a)(a) of the basic Regulation, but all the input costs (including raw materials, energy, land, financing, labour, etc.) are also affected because their price formation is affected by substantial government intervention, as described in Parts I and II of the Report. Indeed, the government interventions described in relation to the allocation of capital, land, labour, energy and raw materials are present throughout the PRC. This means, for instance, that an input that in itself was produced in the PRC by combining a range of factors of production is exposed to significant distortions. The same applies for the input to the input and so forth.

| (113) | In its comments on the Note, CISA reiterated the comments it had in reaction to the initiation of the investigation (see recitals (32) to (39)). Furthermore, it added that according to Article 2(6a)(a) of the basic Regulation the assessment concerning the existence of significant distortions should be done for each exporting producer separately. Therefore, the Commission had the obligation to analyse the situation of each Chinese producer and decide whether any of the factors of costs of production and sales are distorted for each of them. CISA claimed that while there was an absence of cooperation from individual Chinese producers in this case, “country-wide” or “industry-wide” findings should not be allowed. |
| --- | --- |

(113)

In its comments on the Note, CISA reiterated the comments it had in reaction to the initiation of the investigation (see recitals (32) to (39)). Furthermore, it added that according to Article 2(6a)(a) of the basic Regulation the assessment concerning the existence of significant distortions should be done for each exporting producer separately. Therefore, the Commission had the obligation to analyse the situation of each Chinese producer and decide whether any of the factors of costs of production and sales are distorted for each of them. CISA claimed that while there was an absence of cooperation from individual Chinese producers in this case, “country-wide” or “industry-wide” findings should not be allowed.

| (114) | The Commission noted that once it is determined that, due to the existence of significant distortions in the exporting country in accordance with Article 2(6a)(b), it is not appropriate to use domestic prices and costs in the exporting country, the Commission may construct normal value using undistorted prices or benchmarks in an appropriate representative country for each exporting producer according to Article 2(6a)(a). Article 2(6a) of the basic Regulation provides that domestic costs of each producer can be used if they are positively established not to be distorted, on the basis of accurate and appropriate evidence. However, no costs of production and sale of the product under review could be established as undistorted in light of the evidence available on the factors of production of individual exporting producers. Therefore this claim was dismissed. |
| --- | --- |

(114)

The Commission noted that once it is determined that, due to the existence of significant distortions in the exporting country in accordance with Article 2(6a)(b), it is not appropriate to use domestic prices and costs in the exporting country, the Commission may construct normal value using undistorted prices or benchmarks in an appropriate representative country for each exporting producer according to Article 2(6a)(a). Article 2(6a) of the basic Regulation provides that domestic costs of each producer can be used if they are positively established not to be distorted, on the basis of accurate and appropriate evidence. However, no costs of production and sale of the product under review could be established as undistorted in light of the evidence available on the factors of production of individual exporting producers. Therefore this claim was dismissed.

| (115) | In their comments on the final disclosure, CISA once again reiterated its comments submitted in reaction to initiation and in reply to the Note (see recitals (32) to (39)). Specifically, while stating that the Commission had addressed its previous comments, CISA expressed its disappointment that the Commission had dismissed the arguments raised. Consequently, CISA insisted on (i) the Report being of doubtful probative value and failing to meet the standards of impartial and objective evidence, (ii) the various FYPs being only general policy documents without binding legal effects – which is in CISA’s view also apparent from the lack of explicit sanctions in case of violation - and the EU having in place similar types of policy documents. |
| --- | --- |

(115)

In their comments on the final disclosure, CISA once again reiterated its comments submitted in reaction to initiation and in reply to the Note (see recitals (32) to (39)). Specifically, while stating that the Commission had addressed its previous comments, CISA expressed its disappointment that the Commission had dismissed the arguments raised. Consequently, CISA insisted on (i) the Report being of doubtful probative value and failing to meet the standards of impartial and objective evidence, (ii) the various FYPs being only general policy documents without binding legal effects – which is in CISA’s view also apparent from the lack of explicit sanctions in case of violation - and the EU having in place similar types of policy documents.

| (116) | The arguments brought by CISA have already been addressed above in recital (33) concerning the Report and in recital (39) concerning the FYPs. As to CISA’s remark on the EU having in place policy documents similar to the Chinese FYPs, the Commission noted that these are completely irrelevant for the assessment of significant distortions in China pursuant to Article 2(6a) of the basic Regulation. Similarly, the reference to absence of sanctions in the FYPs cannot alter the assessment in recital (39), which on the basis of specific provisions from the relevant FYPs, in combination with the facts discussed in the Report, demonstrates the unambiguous obligation of the Chinese authorities concerned to implement the FYPs in question. Consequently, CISA’s arguments cannot alter the Commission’s conclusions reached in recitals (32) to (39). |
| --- | --- |

(116)

The arguments brought by CISA have already been addressed above in recital (33) concerning the Report and in recital (39) concerning the FYPs. As to CISA’s remark on the EU having in place policy documents similar to the Chinese FYPs, the Commission noted that these are completely irrelevant for the assessment of significant distortions in China pursuant to Article 2(6a) of the basic Regulation. Similarly, the reference to absence of sanctions in the FYPs cannot alter the assessment in recital (39), which on the basis of specific provisions from the relevant FYPs, in combination with the facts discussed in the Report, demonstrates the unambiguous obligation of the Chinese authorities concerned to implement the FYPs in question. Consequently, CISA’s arguments cannot alter the Commission’s conclusions reached in recitals (32) to (39).

| (117) | In sum, the evidence available showed that prices or costs of the product under review, including the costs of raw materials, energy and labour, are not the result of free market forces because they are affected by substantial government intervention within the meaning of Article 2(6a)(b) of the basic Regulation, as shown by the actual or potential impact of one or more of the relevant elements listed therein. On that basis the Commission concluded that it is not appropriate to use domestic prices and costs to establish normal value in this case. Consequently, the Commission proceeded to construct the normal value exclusively on the basis of costs of production and sale reflecting undistorted prices or benchmarks, that is, in this case, on the basis of corresponding costs of production and sale in an appropriate representative country, in accordance with Article 2(6a)(a) of the basic Regulation, as described in the following section. |
| --- | --- |

(117)

In sum, the evidence available showed that prices or costs of the product under review, including the costs of raw materials, energy and labour, are not the result of free market forces because they are affected by substantial government intervention within the meaning of Article 2(6a)(b) of the basic Regulation, as shown by the actual or potential impact of one or more of the relevant elements listed therein. On that basis the Commission concluded that it is not appropriate to use domestic prices and costs to establish normal value in this case. Consequently, the Commission proceeded to construct the normal value exclusively on the basis of costs of production and sale reflecting undistorted prices or benchmarks, that is, in this case, on the basis of corresponding costs of production and sale in an appropriate representative country, in accordance with Article 2(6a)(a) of the basic Regulation, as described in the following section.

4.2.2.2.   Representative country

4.2.2.2.1.   General remarks

| (118) | The choice of the representative country was based on the following criteria pursuant to Article 2(6a) of the basic Regulation:


  — | A level of economic development similar to the PRC. For this purpose, the Commission used countries with a gross national income per capita similar to the PRC on the basis of the database of the World Bank (56); |
| --- | --- | --- |

(118)

The choice of the representative country was based on the following criteria pursuant to Article 2(6a) of the basic Regulation:

—

A level of economic development similar to the PRC. For this purpose, the Commission used countries with a gross national income per capita similar to the PRC on the basis of the database of the World Bank (56);

56

| — | Production of the product under review in that country (57); |
| --- | --- |

—

Production of the product under review in that country (57);

57

| — | Availability of relevant public data in the representative country. |
| --- | --- |

—

Availability of relevant public data in the representative country.

| — | Where there is more than one possible representative country, preference should be given, where appropriate, to the country with an adequate level of social and environmental protection. |
| --- | --- |

—

Where there is more than one possible representative country, preference should be given, where appropriate, to the country with an adequate level of social and environmental protection.

| (119) | As explained in recital (86), the Commission issued a Note on relevant sources to use for the determination of the normal value. This Note described the facts and evidence underlying the relevant criteria. The Note informed interested parties of the Commission’s intention to consider Brazil as the appropriate representative country in the present case if the existence of significant distortions pursuant to Article 2(6a) of the basic Regulation were confirmed. |
| --- | --- |

(119)

As explained in recital (86), the Commission issued a Note on relevant sources to use for the determination of the normal value. This Note described the facts and evidence underlying the relevant criteria. The Note informed interested parties of the Commission’s intention to consider Brazil as the appropriate representative country in the present case if the existence of significant distortions pursuant to Article 2(6a) of the basic Regulation were confirmed.

| (120) | In line with the criteria listed under Article 2(6a) of the basic Regulation, the Commission identified Brazil as a country with a similar level of economic development as the PRC as it was suggested by the applicant in the request for review. Brazil is classified by the World Bank as ‘upper-middle income’ country on a gross national income basis. It is thus considered to have a similar level of economic development as the PRC. |
| --- | --- |

(120)

In line with the criteria listed under Article 2(6a) of the basic Regulation, the Commission identified Brazil as a country with a similar level of economic development as the PRC as it was suggested by the applicant in the request for review. Brazil is classified by the World Bank as ‘upper-middle income’ country on a gross national income basis. It is thus considered to have a similar level of economic development as the PRC.

| (121) | The Commission has found that Brazil is a significant producer of heavy plates (installed capacity of about 3,1 million tonnes per year (58)). The Commission has also established that Brazil meets all of the criteria set out in article 2(6a) of the basic Regulation and that all relevant public data are readily available and accessible, including import statistics, as well as data on costs of raw materials and such factors of production as natural gas, electricity and labour. |
| --- | --- |

(121)

The Commission has found that Brazil is a significant producer of heavy plates (installed capacity of about 3,1 million tonnes per year (58)). The Commission has also established that Brazil meets all of the criteria set out in article 2(6a) of the basic Regulation and that all relevant public data are readily available and accessible, including import statistics, as well as data on costs of raw materials and such factors of production as natural gas, electricity and labour.

58

| (122) | The main Brazilian producer of heavy plates is Usinas Siderúrgicas de Minas Gerais (‘Usiminas’). According to the applicant, Usiminas is a large integrated steel producer, manufacturing steel using the same process as the Chinese producers (i.e. from coal and iron ore, to pig iron through blast furnace reduction, to crude steel through the basic oxygen furnace method (“BOF”) and then continuous casting and rolling). The Commission noted that financial statements for Usiminas for the financial years ending 31 December 2020 and 31 December 2021 are available in the Orbis Bureau van Dijk database (‘Orbis database’). Gerdau S/A (‘Gerdau’) is another Brazilian producer of heavy plates. The financial statements of Gerdau for the financial years ending 31 December 2020 and 31 December 2021 are also available in the Orbis database. Therefore, the Commission intends to use the financial data of both Brazilian producers of heavy plates. |
| --- | --- |

(122)

The main Brazilian producer of heavy plates is Usinas Siderúrgicas de Minas Gerais (‘Usiminas’). According to the applicant, Usiminas is a large integrated steel producer, manufacturing steel using the same process as the Chinese producers (i.e. from coal and iron ore, to pig iron through blast furnace reduction, to crude steel through the basic oxygen furnace method (“BOF”) and then continuous casting and rolling). The Commission noted that financial statements for Usiminas for the financial years ending 31 December 2020 and 31 December 2021 are available in the Orbis Bureau van Dijk database (‘Orbis database’). Gerdau S/A (‘Gerdau’) is another Brazilian producer of heavy plates. The financial statements of Gerdau for the financial years ending 31 December 2020 and 31 December 2021 are also available in the Orbis database. Therefore, the Commission intends to use the financial data of both Brazilian producers of heavy plates.

| (123) | Comments regarding the proposed representative country in the request for review were received from the importer Primex. |
| --- | --- |

(123)

Comments regarding the proposed representative country in the request for review were received from the importer Primex.

| (124) | As stated in recital (15), Primex disagreed with the selection of Brazil as a representative country in the request for review. In particular, Primex claimed that (1) the Brazilian market was smaller than the Chinese market, (2) the Brazilian company Usiminas, used by the applicant for the calculation of the SG&A and profit margins, was not appropriate as this company had a dominant market position on the domestic market, (3) the Brazilian market was protected from international import competition by anti-dumping duties against imports of heavy plates from Ukraine, China, South Africa and South Korea and (4) there were minor imports of heavy plates from Brazil into the Union. |
| --- | --- |

(124)

As stated in recital (15), Primex disagreed with the selection of Brazil as a representative country in the request for review. In particular, Primex claimed that (1) the Brazilian market was smaller than the Chinese market, (2) the Brazilian company Usiminas, used by the applicant for the calculation of the SG&A and profit margins, was not appropriate as this company had a dominant market position on the domestic market, (3) the Brazilian market was protected from international import competition by anti-dumping duties against imports of heavy plates from Ukraine, China, South Africa and South Korea and (4) there were minor imports of heavy plates from Brazil into the Union.

| (125) | The Commission noted that the fact that a country has a smaller market than the Chinese markets does not disqualify it for being a representative country. The requirement of ‘appropriateness’ in the basic Regulation refers to the similar level of economic development, while there is no reference to the size of the market as such. It was also noted that, as the applicant mentioned in the request, Brazil is one of the three largest producers of heavy plates in the World Bank group of “upper-middle income” countries, together with Russia and the PRC (which is subject to this proceeding). As explained above, there are two suitable producers of heavy plates in Brazil with reasonable data on SG&A and profits. |
| --- | --- |

(125)

The Commission noted that the fact that a country has a smaller market than the Chinese markets does not disqualify it for being a representative country. The requirement of ‘appropriateness’ in the basic Regulation refers to the similar level of economic development, while there is no reference to the size of the market as such. It was also noted that, as the applicant mentioned in the request, Brazil is one of the three largest producers of heavy plates in the World Bank group of “upper-middle income” countries, together with Russia and the PRC (which is subject to this proceeding). As explained above, there are two suitable producers of heavy plates in Brazil with reasonable data on SG&A and profits.

| (126) | Furthermore, the claim that Usiminas has a dominant position on the Brazilian market is not substantiated by evidence showing if and how this circumstance would render this company unsuitable to establish undistorted sources. In any event, as explained above, for the calculation of SG&A and profit margins the Commission used the financial data of both Brazilian producers of heavy plates as the financial data of both companies is readily available. |
| --- | --- |

(126)

Furthermore, the claim that Usiminas has a dominant position on the Brazilian market is not substantiated by evidence showing if and how this circumstance would render this company unsuitable to establish undistorted sources. In any event, as explained above, for the calculation of SG&A and profit margins the Commission used the financial data of both Brazilian producers of heavy plates as the financial data of both companies is readily available.

| (127) | Moreover, Primex did not substantiate how the imposition of anti-dumping measures on imports of heavy plates from the PRC, South Africa and South Korea affected the appropriateness of SG&A of Usiminas as undistorted source. As regards the profit, while the existence of the anti-dumping measures in Brazil could indeed have an impact on the profit margin of Usiminas, the result of anti-dumping measures is to restore fair competition including the achievement of a regular profit level for the domestic producers. In any event, the Commission noted that the financial statements of both Usiminas and Gerdau are not limited to heavy plates only, but reflect an aggregation of the steel products manufactured by these companies. The Commission also noted that Primex did not suggest an alternative representative country at this stage. |
| --- | --- |

(127)

Moreover, Primex did not substantiate how the imposition of anti-dumping measures on imports of heavy plates from the PRC, South Africa and South Korea affected the appropriateness of SG&A of Usiminas as undistorted source. As regards the profit, while the existence of the anti-dumping measures in Brazil could indeed have an impact on the profit margin of Usiminas, the result of anti-dumping measures is to restore fair competition including the achievement of a regular profit level for the domestic producers. In any event, the Commission noted that the financial statements of both Usiminas and Gerdau are not limited to heavy plates only, but reflect an aggregation of the steel products manufactured by these companies. The Commission also noted that Primex did not suggest an alternative representative country at this stage.

| (128) | Interested parties were invited to comment on the appropriateness of Brazil as a representative country and of Usiminas and Gerdau as producers in the representative country. |
| --- | --- |

(128)

Interested parties were invited to comment on the appropriateness of Brazil as a representative country and of Usiminas and Gerdau as producers in the representative country.

| (129) | Following the Note on the appropriate representative country, no interested party made any comments regarding the selection of Brazil as a representative country. |
| --- | --- |

(129)

Following the Note on the appropriate representative country, no interested party made any comments regarding the selection of Brazil as a representative country.

| (130) | In their comments to the Note, CISA argued that for establishing the unit price of the main factors of production, the Commission should use domestic prices and not the GTA import data as the imports prices are affected by several factors such as the quantity of imports of a particular product, the availability of such product and the distance between the exporting and importing countries. |
| --- | --- |

(130)

In their comments to the Note, CISA argued that for establishing the unit price of the main factors of production, the Commission should use domestic prices and not the GTA import data as the imports prices are affected by several factors such as the quantity of imports of a particular product, the availability of such product and the distance between the exporting and importing countries.

| (131) | The Commission noted that Article 2(6a)(a) of the basic Regulation prescribes the use of corresponding data in an appropriate representative country “provided that the relevant data are readily available.” The Commission does not have at its disposal data on domestic prices of the relevant factors of production in the possible representative countries, and such data are not readily available. By contrast, data on import prices in the possible appropriate representative countries are readily available. If, based on the evidence, the application of Article 2(6a)(a) of the basic Regulation is warranted, the Commission further adjusts these import prices (e.g. by adding the relevant customs duties) to arrive at a reasonable proxy representing an undistorted domestic price in these countries. The Commission also verifies that there be sufficient representative undistorted quantities of these import data so that the resulting final average automatically reduces the impact of the potential abnormal prices at the lower and higher end of the range, thereby reflecting a mix of the different qualities and availabilities of a certain input. Moreover, the Commission excludes data on imports into the representative country from China and non-WTO members (59) to determine the relevant benchmarks. As long as the import quantities of the factors of production are sufficiently representative and there are no other specific circumstances rendering them unsuitable, there is no objective reason to exclude them. CISA also did not submit any evidence in support of their claim. Therefore, in the absence of evidence to the contrary, the Commission rejected this claim. |
| --- | --- |

(131)

The Commission noted that Article 2(6a)(a) of the basic Regulation prescribes the use of corresponding data in an appropriate representative country “provided that the relevant data are readily available.” The Commission does not have at its disposal data on domestic prices of the relevant factors of production in the possible representative countries, and such data are not readily available. By contrast, data on import prices in the possible appropriate representative countries are readily available. If, based on the evidence, the application of Article 2(6a)(a) of the basic Regulation is warranted, the Commission further adjusts these import prices (e.g. by adding the relevant customs duties) to arrive at a reasonable proxy representing an undistorted domestic price in these countries. The Commission also verifies that there be sufficient representative undistorted quantities of these import data so that the resulting final average automatically reduces the impact of the potential abnormal prices at the lower and higher end of the range, thereby reflecting a mix of the different qualities and availabilities of a certain input. Moreover, the Commission excludes data on imports into the representative country from China and non-WTO members (59) to determine the relevant benchmarks. As long as the import quantities of the factors of production are sufficiently representative and there are no other specific circumstances rendering them unsuitable, there is no objective reason to exclude them. CISA also did not submit any evidence in support of their claim. Therefore, in the absence of evidence to the contrary, the Commission rejected this claim.

59

| (132) | Finally, given the absence of cooperation and having established that Brazil was an appropriate representative country, based on all of the above elements, there was no need to carry out an assessment of the level of social and environmental protection in accordance with the last sentence of Article 2(6a)(a) first indent of the basic Regulation. |
| --- | --- |

(132)

Finally, given the absence of cooperation and having established that Brazil was an appropriate representative country, based on all of the above elements, there was no need to carry out an assessment of the level of social and environmental protection in accordance with the last sentence of Article 2(6a)(a) first indent of the basic Regulation.

4.2.2.2.2.   Conclusion

| (133) | In the absence of cooperation and comments on the Note on the appropriate representative country, as proposed in the expiry review request and given that Brazil met all the criteria laid down in Article 2(6a)(a), first indent of the basic Regulation, the Commission selected Brazil as the appropriate representative country. |
| --- | --- |

(133)

In the absence of cooperation and comments on the Note on the appropriate representative country, as proposed in the expiry review request and given that Brazil met all the criteria laid down in Article 2(6a)(a), first indent of the basic Regulation, the Commission selected Brazil as the appropriate representative country.

4.2.2.3.   Sources used to establish undistorted costs

| (134) | In the Note the Commission listed the factors of production such as materials, natural gas, energy and labour used in the production of the product under review by the exporting producers. The Commission also stated that, in order to construct the normal value in accordance with Article 2(6a)(a) of the basic Regulation, it would use GTA to establish the undistorted cost of most of the factors of production, notably the raw materials. In addition, the Commission stated that it would use information from: the International Labour Organization (‘ILO’) for establishing undistorted costs of labour and public tariffs from electricity suppliers in Brazil. |
| --- | --- |

(134)

In the Note the Commission listed the factors of production such as materials, natural gas, energy and labour used in the production of the product under review by the exporting producers. The Commission also stated that, in order to construct the normal value in accordance with Article 2(6a)(a) of the basic Regulation, it would use GTA to establish the undistorted cost of most of the factors of production, notably the raw materials. In addition, the Commission stated that it would use information from: the International Labour Organization (‘ILO’) for establishing undistorted costs of labour and public tariffs from electricity suppliers in Brazil.

| (135) | Finally, the Commission stated that to establish SG&A costs and profit, it would use the financial data from Brazilian producers of the product under review. |
| --- | --- |

(135)

Finally, the Commission stated that to establish SG&A costs and profit, it would use the financial data from Brazilian producers of the product under review.

| (136) | In the Note, the Commission also informed the interested parties that due to the large number of factors of production of the sampled exporting producers that provided complete information and the negligible weight of some of the raw materials in the total cost of production, these negligible items were grouped under ‘consumables’. Further, the Commission informed that it will calculate the percentage of the ‘consumables’ on the total cost of raw materials and apply this percentage to the recalculated cost of raw materials when using the established undistorted benchmarks in the appropriate representative country. |
| --- | --- |

(136)

In the Note, the Commission also informed the interested parties that due to the large number of factors of production of the sampled exporting producers that provided complete information and the negligible weight of some of the raw materials in the total cost of production, these negligible items were grouped under ‘consumables’. Further, the Commission informed that it will calculate the percentage of the ‘consumables’ on the total cost of raw materials and apply this percentage to the recalculated cost of raw materials when using the established undistorted benchmarks in the appropriate representative country.

4.2.2.3.1.   Undistorted costs and benchmarks

4.2.2.3.1.1.   Factors of production

| (137) | Considering all the information based on the request and subsequent information submitted by the applicant and interested parties, the following factors of production and their sources have been identified in order to determine the normal value in accordance with Article 2(6a)(a) of the basic Regulation:

  Table 1


  Factors of production of heavy plate


  Factor of production | Commodity code in Brazil | Undistorted value (CNY) | Unit of measurement |
| --- | --- | --- | --- | --- |
| Raw materials
   (*1) |
| Quicklime | 252210 | 0,86 | kg |
| Iron ore | 260112110 | 1,50 | kg |
| Coking Coal | 270112 | 0,92 | kg |
| Coke | 27040011
  27040012 | 2,42 | kg |
| Ferro-silico-manganese | 720230 | 10,85 | kg |
| Steel scrap | 720449 | 2,5 | kg |
| Unwrought aluminium alloys | 760120 | 17,93 | kg |
| Fine Limestone | 252100 | 0,19 | kg |
| Ferro-manganese, not more than 2 % carbon | 720219 | 14,87 | kg |
| Labour |
| Labour | NA | 46,69 | hour |
| Energy |
| Electricity | NA | 0,79 | kWh |
| Natural Gas | NA | 7,46 | M3 |

(137)

Considering all the information based on the request and subsequent information submitted by the applicant and interested parties, the following factors of production and their sources have been identified in order to determine the normal value in accordance with Article 2(6a)(a) of the basic Regulation:

Table 1

Table 1

Factors of production of heavy plate

Factors of production of heavy plate

Factor of production

Commodity code in Brazil

Undistorted value (CNY)

Unit of measurement

Raw materials
   (*1)

Raw materials

*1

Quicklime

252210

0,86

kg

Iron ore

260112110

1,50

kg

Coking Coal

270112

0,92

kg

Coke

27040011

27040012

2,42

kg

Ferro-silico-manganese

720230

10,85

kg

Steel scrap

720449

2,5

kg

Unwrought aluminium alloys

760120

17,93

kg

Fine Limestone

252100

0,19

kg

Ferro-manganese, not more than 2 % carbon

720219

14,87

kg

Labour

Labour

Labour

NA

46,69

hour

Energy

Energy

Electricity

NA

0,79

kWh

Natural Gas

NA

7,46

M3

Raw materials

Raw materials

| (138) | In order to establish the undistorted price of raw materials as delivered at the gate of a representative country producer, the Commission used as a basis the weighted average import price to the representative country as reported in the GTA to which import duties were added. An import price in the representative country was determined as a weighted average of unit prices of imports from all third countries excluding the PRC and countries which are not members of the WTO, listed in Annex 1 of Regulation (EU) 2015/755 (60). The Commission decided to exclude imports from the PRC into the representative country as it concluded in section 4.2.2.1 that it is not appropriate to use domestic prices and costs in the PRC due to the existence of significant distortions in accordance with Article 2(6a)(b) of the basic Regulation. Given that there is no evidence showing that the same distortions do not equally affect products intended for export, the Commission considered that the same distortions affected export prices. After excluding imports into the representative country from the PRC, and from countries which are not members of the WTO, the volume of imports from other third countries remained representative. |
| --- | --- |

(138)

In order to establish the undistorted price of raw materials as delivered at the gate of a representative country producer, the Commission used as a basis the weighted average import price to the representative country as reported in the GTA to which import duties were added. An import price in the representative country was determined as a weighted average of unit prices of imports from all third countries excluding the PRC and countries which are not members of the WTO, listed in Annex 1 of Regulation (EU) 2015/755 (60). The Commission decided to exclude imports from the PRC into the representative country as it concluded in section 4.2.2.1 that it is not appropriate to use domestic prices and costs in the PRC due to the existence of significant distortions in accordance with Article 2(6a)(b) of the basic Regulation. Given that there is no evidence showing that the same distortions do not equally affect products intended for export, the Commission considered that the same distortions affected export prices. After excluding imports into the representative country from the PRC, and from countries which are not members of the WTO, the volume of imports from other third countries remained representative.

60

| (139) | For a number of factors of production the actual costs incurred by the applicant represented a negligible share of total raw material costs in the review investigation period. As the value used for these had no appreciable impact on the dumping margin calculations, regardless of the source used, the Commission decided to include those costs into all other raw materials. In order to establish an undistorted value of all other raw materials, and given the absence of cooperation from the exporting producers, the Commission used facts available in accordance with Article 18 of the basic Regulation. Therefore, based on the data provided by the applicant, the Commission established the ratio of all other raw materials to the total raw material costs, at 7,5 %. This percentage was then applied to the undistorted value of the raw materials to obtain the undistorted value of other raw materials. |
| --- | --- |

(139)

For a number of factors of production the actual costs incurred by the applicant represented a negligible share of total raw material costs in the review investigation period. As the value used for these had no appreciable impact on the dumping margin calculations, regardless of the source used, the Commission decided to include those costs into all other raw materials. In order to establish an undistorted value of all other raw materials, and given the absence of cooperation from the exporting producers, the Commission used facts available in accordance with Article 18 of the basic Regulation. Therefore, based on the data provided by the applicant, the Commission established the ratio of all other raw materials to the total raw material costs, at 7,5 %. This percentage was then applied to the undistorted value of the raw materials to obtain the undistorted value of other raw materials.

| (140) | Normally, domestic transport prices should also be added to these import prices. However, considering the nature of this expiry review investigation, which is focused on finding whether dumping reoccur, should the measures be allowed to lapse, rather than finding its exact magnitude, the Commission decided that adjustments for domestic transport were unnecessary. Such adjustments would only result in increasing the normal value and hence the dumping margin.


  Labour |
| --- | --- |

(140)

Normally, domestic transport prices should also be added to these import prices. However, considering the nature of this expiry review investigation, which is focused on finding whether dumping reoccur, should the measures be allowed to lapse, rather than finding its exact magnitude, the Commission decided that adjustments for domestic transport were unnecessary. Such adjustments would only result in increasing the normal value and hence the dumping margin.

Labour

Labour

| (141) | The Commission used ILO statistics to determine the wages in Brazil (61). These provide information on monthly wages of employees in the manufacturing sector and average weekly hours worked in Brazil for the investigation period (year 2021).


  Electricity |
| --- | --- |

(141)

The Commission used ILO statistics to determine the wages in Brazil (61). These provide information on monthly wages of employees in the manufacturing sector and average weekly hours worked in Brazil for the investigation period (year 2021).

61

Electricity

Electricity

| (142) | For electricity, the Commission used the readily available prices from Cemig Distribuição S.A, one of major electricity suppliers in Brazil (62). This source allows to determine the price of average industrial tariff for the investigation period (year 2021).


  Natural gas |
| --- | --- |

(142)

For electricity, the Commission used the readily available prices from Cemig Distribuição S.A, one of major electricity suppliers in Brazil (62). This source allows to determine the price of average industrial tariff for the investigation period (year 2021).

62

Natural gas

Natural gas

| (143) | For natural gas, the Commission used the price of gas in Brazil for the review investigation period as published by Companhia de Gás de Minas Gerais (GASMIG) (63) that enables to determine the price of natural gas supplied to industrial users. |
| --- | --- |

(143)

For natural gas, the Commission used the price of gas in Brazil for the review investigation period as published by Companhia de Gás de Minas Gerais (GASMIG) (63) that enables to determine the price of natural gas supplied to industrial users.

63

| (144) | In their comments to the Note, CISA stated that Brazil was used as a representative country in other two investigation such as AD683 - Electrolytic Chromium Coated Steel products (64) (‘ECCS’) and R728 - Certain grain-oriented flat-rolled products of silicon-electrical steel (65). CISA stated that while the periods of investigation in each proceeding was not exactly the same, since the two above-mentioned proceedings are recent, the Commission should have extracted data from similar sources in relation to energy and costs, and as a result, found similar unit cost for each factor. CISA argued that in the current investigation the benchmark for the natural gas was established based on the price of gas in Brazil published by GASMIG and it was calculated at 7.46 CNY/M3. In the ECCS investigation, the benchmark for gas was established based on the statistics from the Brazilian Ministry of Energy and it was calculated at 2.257 CNY/M3. In the GOES investigation, the benchmark for gas was established based on the prices reported by GASMIG and it was calculated at 3.42 to 3.72 CNY/M3. CISA stated that, despite the fact that the investigation periods of ECCS and GOES investigations are very close to the investigation period of the current investigation, the difference in prices between the current investigation and the ECCS and GOES investigation are more than double and therefore it exceeded a reasonable range. CISA requests the Commission to compare the prices from those different sources and therefore determine a reasonable price. |
| --- | --- |

(144)

In their comments to the Note, CISA stated that Brazil was used as a representative country in other two investigation such as AD683 - Electrolytic Chromium Coated Steel products (64) (‘ECCS’) and R728 - Certain grain-oriented flat-rolled products of silicon-electrical steel (65). CISA stated that while the periods of investigation in each proceeding was not exactly the same, since the two above-mentioned proceedings are recent, the Commission should have extracted data from similar sources in relation to energy and costs, and as a result, found similar unit cost for each factor. CISA argued that in the current investigation the benchmark for the natural gas was established based on the price of gas in Brazil published by GASMIG and it was calculated at 7.46 CNY/M3. In the ECCS investigation, the benchmark for gas was established based on the statistics from the Brazilian Ministry of Energy and it was calculated at 2.257 CNY/M3. In the GOES investigation, the benchmark for gas was established based on the prices reported by GASMIG and it was calculated at 3.42 to 3.72 CNY/M3. CISA stated that, despite the fact that the investigation periods of ECCS and GOES investigations are very close to the investigation period of the current investigation, the difference in prices between the current investigation and the ECCS and GOES investigation are more than double and therefore it exceeded a reasonable range. CISA requests the Commission to compare the prices from those different sources and therefore determine a reasonable price.

64

65

| (145) | Furthermore, CISA made a similar comment for the labour cost. CISA highlighted that in the current investigation the benchmark for labour was established based on the data from the ILO Statistics and Sustainability Report published by Usiminas and it was calculated at 46.69 CNY/hour. In the ECCS investigation, used only the statistics from ILO and calculated at average labour cost of 27.112 CNY/hour. CISA argued that the labour cost in Brazil could not have increased that much within a short period of time and asked the Commission to use in the current investigation the same methodology as in the ECCS investigation for establishing the benchmark for labour. |
| --- | --- |

(145)

Furthermore, CISA made a similar comment for the labour cost. CISA highlighted that in the current investigation the benchmark for labour was established based on the data from the ILO Statistics and Sustainability Report published by Usiminas and it was calculated at 46.69 CNY/hour. In the ECCS investigation, used only the statistics from ILO and calculated at average labour cost of 27.112 CNY/hour. CISA argued that the labour cost in Brazil could not have increased that much within a short period of time and asked the Commission to use in the current investigation the same methodology as in the ECCS investigation for establishing the benchmark for labour.

| (146) | The Commission noted that the investigation period of the current investigation is different than in the two investigations mentioned by CISA. As stated in recital (8), the investigation period on the current investigation is from 1 January 2021 to 31 December 2021, while the investigation period of the ECCS investigation was from 1 July 2020 to 30 June 2021 and for the GOES investigation was from 1 July 2019 to 30 June 2020. Therefore, the value of the benchmarks could be different as it relates to different periods. Furthermore, CISA did not specify whether any of the methodologies used by the Commission to calculate the benchmarks were wrong. CISA seemed to focus only on the value of the benchmark. CISA did not specify what a reasonable value of the benchmark was. CISA seemed to imply that a lower benchmark would be a reasonable benchmark. The Commission also noted that while for gas CISA referred to both ECCS and GOES investigations, for labour CISA referred only to the ECCS investigation. It is noted that in the GOES investigation the benchmark for labour was calculated at 84.59 CNY/hour, double than in the current investigation. Furthermore, the Commission noted that CISA does not comment on the value of the benchmark for electricity in relation to the ECCS and GOES investigations. In the current investigation, the benchmark for electricity was significantly lower as compared to the other two investigation. In the current investigation, the benchmark for electricity was calculated at 0,79 kWh while in the ECCS investigation to 5,034 kWh and in the GOES investigation to 8,251 kWh. |
| --- | --- |

(146)

The Commission noted that the investigation period of the current investigation is different than in the two investigations mentioned by CISA. As stated in recital (8), the investigation period on the current investigation is from 1 January 2021 to 31 December 2021, while the investigation period of the ECCS investigation was from 1 July 2020 to 30 June 2021 and for the GOES investigation was from 1 July 2019 to 30 June 2020. Therefore, the value of the benchmarks could be different as it relates to different periods. Furthermore, CISA did not specify whether any of the methodologies used by the Commission to calculate the benchmarks were wrong. CISA seemed to focus only on the value of the benchmark. CISA did not specify what a reasonable value of the benchmark was. CISA seemed to imply that a lower benchmark would be a reasonable benchmark. The Commission also noted that while for gas CISA referred to both ECCS and GOES investigations, for labour CISA referred only to the ECCS investigation. It is noted that in the GOES investigation the benchmark for labour was calculated at 84.59 CNY/hour, double than in the current investigation. Furthermore, the Commission noted that CISA does not comment on the value of the benchmark for electricity in relation to the ECCS and GOES investigations. In the current investigation, the benchmark for electricity was significantly lower as compared to the other two investigation. In the current investigation, the benchmark for electricity was calculated at 0,79 kWh while in the ECCS investigation to 5,034 kWh and in the GOES investigation to 8,251 kWh.

| (147) | In each investigation the Commission calculates the benchmarks based on the information readily available as well as the information specific to the investigation and the Chinese exporting producers. It is recalled that in the current investigation, the Chinese exporting producers did not cooperate, while in the ECCS and GOES investigations the Chinese exporting producers cooperated. Whether in one investigation the value of a benchmark is lower than in another investigation, it is not relevant. Therefore, the claim was rejected. |
| --- | --- |

(147)

In each investigation the Commission calculates the benchmarks based on the information readily available as well as the information specific to the investigation and the Chinese exporting producers. It is recalled that in the current investigation, the Chinese exporting producers did not cooperate, while in the ECCS and GOES investigations the Chinese exporting producers cooperated. Whether in one investigation the value of a benchmark is lower than in another investigation, it is not relevant. Therefore, the claim was rejected.

4.2.2.3.1.2.   Manufacturing overhead costs, SG&A, profits and depreciation

| (148) | According to Article 2(6a)(a) of the basic Regulation, “the constructed normal value shall include an undistorted and reasonable amount for administrative, selling and general costs and for profits”. In addition, a value for manufacturing overhead costs needs to be established to cover costs not included in the factors of production referred to above. |
| --- | --- |

(148)

According to Article 2(6a)(a) of the basic Regulation, “the constructed normal value shall include an undistorted and reasonable amount for administrative, selling and general costs and for profits”. In addition, a value for manufacturing overhead costs needs to be established to cover costs not included in the factors of production referred to above.

| (149) | In order to establish an undistorted value of the manufacturing overheads and given the absence of cooperation from the Chinese producers, the Commission used facts available in accordance with Article 18 of the basic Regulation. Therefore, based on the data provided by one of the sampled Union producers, the Commission established the ratio of manufacturing overheads to the total manufacturing and labour costs. This percentage was then applied to the undistorted value of the cost of manufacturing to obtain the undistorted value of manufacturing overheads. |
| --- | --- |

(149)

In order to establish an undistorted value of the manufacturing overheads and given the absence of cooperation from the Chinese producers, the Commission used facts available in accordance with Article 18 of the basic Regulation. Therefore, based on the data provided by one of the sampled Union producers, the Commission established the ratio of manufacturing overheads to the total manufacturing and labour costs. This percentage was then applied to the undistorted value of the cost of manufacturing to obtain the undistorted value of manufacturing overheads.

| (150) | For establishing an undistorted and reasonable amount for SG&A and profit, the Commission relied on the most recent available financial data of the companies in Brazil that had been identified in the Note as active and profitable producers of the product under review. Financial data for the following companies as extracted from Orbis Bureau van Dijk was used for the financial year 2021 and 2020: Usiminas and Gerdau. |
| --- | --- |

(150)

For establishing an undistorted and reasonable amount for SG&A and profit, the Commission relied on the most recent available financial data of the companies in Brazil that had been identified in the Note as active and profitable producers of the product under review. Financial data for the following companies as extracted from Orbis Bureau van Dijk was used for the financial year 2021 and 2020: Usiminas and Gerdau.

| (151) | Following the Note, CISA argued that both Usiminas and Gerdau have recorded exceptionally high revenues and profits in 2020 as compared to 2021. In view of this, CISA asked the Commission not to use the financial data from 2021 but an average of the financial data for 2020 and 2021 to reasonably reflect a normal financial situation of the two Brazilian producers. |
| --- | --- |

(151)

Following the Note, CISA argued that both Usiminas and Gerdau have recorded exceptionally high revenues and profits in 2020 as compared to 2021. In view of this, CISA asked the Commission not to use the financial data from 2021 but an average of the financial data for 2020 and 2021 to reasonably reflect a normal financial situation of the two Brazilian producers.

| (152) | The Commission found this claim reasonable. In fact both Usiminas and Gerdau have registered very high profits in 2021. Therefore, the Commission considered that would be more reasonable to use the financial data of both Brazilian producers for 2020 instead of 2021 which seemed to be an exceptional year for both companies. |
| --- | --- |

(152)

The Commission found this claim reasonable. In fact both Usiminas and Gerdau have registered very high profits in 2021. Therefore, the Commission considered that would be more reasonable to use the financial data of both Brazilian producers for 2020 instead of 2021 which seemed to be an exceptional year for both companies.

| (153) | In its comments following final disclosure, CISA claimed that the SG&A and profit margins used by the Commission were still high. It claimed that in an industry like iron and steel, it was very rare, if not impossible, to achieve a double-digit profit. CISA claimed that the Commission should not use the financial information from Orbis for the two Brazilian companies which did not cover only the product concerned, but should rely instead on the findings of the expiry review investigation published by the Ministry of Economic of Brazil (66) concerning imports of heavy plates originating in South Africa, China, South Korea and Ukraine. CISA asked the Commission to take into account the findings of this investigation when adjusting the SG&A and profit margins. |
| --- | --- |

(153)

In its comments following final disclosure, CISA claimed that the SG&A and profit margins used by the Commission were still high. It claimed that in an industry like iron and steel, it was very rare, if not impossible, to achieve a double-digit profit. CISA claimed that the Commission should not use the financial information from Orbis for the two Brazilian companies which did not cover only the product concerned, but should rely instead on the findings of the expiry review investigation published by the Ministry of Economic of Brazil (66) concerning imports of heavy plates originating in South Africa, China, South Korea and Ukraine. CISA asked the Commission to take into account the findings of this investigation when adjusting the SG&A and profit margins.

66

| (154) | The Commission noted that in its comments to the First Note CISA asked the Commission not to use the financial data from 2021 but an average of the financial data for 2020 and 2021 to reasonably reflect a normal financial situation of the two Brazilian producers as stated in recital (151). The Commission accepted this claim and, to remain even more conservative, used the SG&A and profit margins only for 2020, which were lower than the average SG&A and profit margins for 2020 and 2021 that CISA’s suggested. As concerns the investigation mentioned by CISA, the Commission noted that this investigation was completed in October 2019 and it was based on data covering 2013 and 2017, while the investigation period of the current investigation is 2021. Furthermore, CISA did not specify how the Commission should adjust the SG&A and profit margins based on the findings of the Brazilian investigation. Moreover, Article 2(6a)(a) of the basic Regulation requires that the amounts for SG&A and for profit used in the construction of the normal value are undistorted and reasonable. CISA failed to demonstrate that these values were either distorted or unreasonable. Therefore, the claim was rejected. |
| --- | --- |

(154)

The Commission noted that in its comments to the First Note CISA asked the Commission not to use the financial data from 2021 but an average of the financial data for 2020 and 2021 to reasonably reflect a normal financial situation of the two Brazilian producers as stated in recital (151). The Commission accepted this claim and, to remain even more conservative, used the SG&A and profit margins only for 2020, which were lower than the average SG&A and profit margins for 2020 and 2021 that CISA’s suggested. As concerns the investigation mentioned by CISA, the Commission noted that this investigation was completed in October 2019 and it was based on data covering 2013 and 2017, while the investigation period of the current investigation is 2021. Furthermore, CISA did not specify how the Commission should adjust the SG&A and profit margins based on the findings of the Brazilian investigation. Moreover, Article 2(6a)(a) of the basic Regulation requires that the amounts for SG&A and for profit used in the construction of the normal value are undistorted and reasonable. CISA failed to demonstrate that these values were either distorted or unreasonable. Therefore, the claim was rejected.

4.2.2.3.2.   Calculation of the normal value

| (155) | On the basis of the above, the Commission constructed the normal value on an ex-works basis in accordance with Article 2(6a)(a) of the basic Regulation. |
| --- | --- |

(155)

On the basis of the above, the Commission constructed the normal value on an ex-works basis in accordance with Article 2(6a)(a) of the basic Regulation.

| (156) | First, the Commission established the undistorted manufacturing costs. In the absence of cooperation by the exporting producers, the Commission relied on the information provided by the applicant in the review request on the usage of each factor (materials and labour) for the production of the product under review. |
| --- | --- |

(156)

First, the Commission established the undistorted manufacturing costs. In the absence of cooperation by the exporting producers, the Commission relied on the information provided by the applicant in the review request on the usage of each factor (materials and labour) for the production of the product under review.

| (157) | Once the undistorted manufacturing cost was established, the Commission added the manufacturing overheads, SG&A and profit as noted in recitals (149) to (152). Manufacturing overheads were determined based on data provided by the applicant. SG&A and profit were determined based on the financial statements of Usiminas and Gerdau for 2020 as reported in the companies’ financial statements. The Commission added the following items to the undistorted costs of manufacturing:


  — | Manufacturing overheads, which, on average, accounted for 8,30 % of the direct costs of manufacturing, |
| --- | --- | --- |

(157)

Once the undistorted manufacturing cost was established, the Commission added the manufacturing overheads, SG&A and profit as noted in recitals (149) to (152). Manufacturing overheads were determined based on data provided by the applicant. SG&A and profit were determined based on the financial statements of Usiminas and Gerdau for 2020 as reported in the companies’ financial statements. The Commission added the following items to the undistorted costs of manufacturing:

—

Manufacturing overheads, which, on average, accounted for 8,30 % of the direct costs of manufacturing,

| — | SG&A and other costs, which, on average, accounted for 33,51 % of the Costs of Goods Sold (‘COGS’) of Usiminas and Gerdau, and |
| --- | --- |

—

SG&A and other costs, which, on average, accounted for 33,51 % of the Costs of Goods Sold (‘COGS’) of Usiminas and Gerdau, and

| — | Profits, which, on average, amounted to 14,44 % of the COGS as achieved by Usiminas and Gerdau |
| --- | --- |

—

Profits, which, on average, amounted to 14,44 % of the COGS as achieved by Usiminas and Gerdau

| (158) | On that basis, the Commission constructed the normal value per product type on an ex-works basis in accordance with Article 2(6a)(a) of the basic Regulation. |
| --- | --- |

(158)

On that basis, the Commission constructed the normal value per product type on an ex-works basis in accordance with Article 2(6a)(a) of the basic Regulation.

4.2.3.   Export price

Export price

| (159) | In the absence of cooperation by exporting producers from the PRC, the export price was determined based on FOB GTA data for exports from China to third countries, adjusted to ex-works. |
| --- | --- |

(159)

In the absence of cooperation by exporting producers from the PRC, the export price was determined based on FOB GTA data for exports from China to third countries, adjusted to ex-works.

| (160) | In this regard the Commission used the export statistics from the GTA of the following Chinese commodity codes: 7208 51 10, 7208 51 20, 7208 51 90, 7208 52 00, 7208 90 00, 7225 40 91, 7225 40 99 and 7225 99 90. The Commission notes that these commodity codes do not cover only the product concerned but also include also other types of products. However, given the non-cooperation of producers from China, the information in the file does not allow the identification of the volume of the product concerned in the total volume of exports of these Chinese commodity codes. The average export prices range between EUR 619 per tonne and EUR 1 163 per tonne depending on the commodity code. The average export price for all eight Chinese commodity codes was EUR 749 per tonne. The biggest volume of exports to third countries were made via the Chinese commodity code 7225 40 99 which has the lowest export price EUR 619 per tonne out of the eight Chinese commodity codes. |
| --- | --- |

(160)

In this regard the Commission used the export statistics from the GTA of the following Chinese commodity codes: 7208 51 10, 7208 51 20, 7208 51 90, 7208 52 00, 7208 90 00, 7225 40 91, 7225 40 99 and 7225 99 90. The Commission notes that these commodity codes do not cover only the product concerned but also include also other types of products. However, given the non-cooperation of producers from China, the information in the file does not allow the identification of the volume of the product concerned in the total volume of exports of these Chinese commodity codes. The average export prices range between EUR 619 per tonne and EUR 1 163 per tonne depending on the commodity code. The average export price for all eight Chinese commodity codes was EUR 749 per tonne. The biggest volume of exports to third countries were made via the Chinese commodity code 7225 40 99 which has the lowest export price EUR 619 per tonne out of the eight Chinese commodity codes.

| (161) | The FOB GTA data was adjusted to ex works level. Thus the FOB price was reduced by the domestic transport cost based on information provided by the applicant in the request for review. |
| --- | --- |

(161)

The FOB GTA data was adjusted to ex works level. Thus the FOB price was reduced by the domestic transport cost based on information provided by the applicant in the request for review.

4.2.4.   Comparison

Comparison

| (162) | The Commission compared the normal value established in accordance with Article 2(6a)(a) of the basic Regulation and the Chinese export price to third countries on an ex-works basis as established above. |
| --- | --- |

(162)

The Commission compared the normal value established in accordance with Article 2(6a)(a) of the basic Regulation and the Chinese export price to third countries on an ex-works basis as established above.

| (163) | On this basis, the price differences between the normal value and the export prices to third countries established as a percentage of the CIF frontier price, range between 9 % and 97 %, depending on the Chinese commodity code. On average, the price difference found as a percentage of the CIF frontier price was 65 %. |
| --- | --- |

(163)

On this basis, the price differences between the normal value and the export prices to third countries established as a percentage of the CIF frontier price, range between 9 % and 97 %, depending on the Chinese commodity code. On average, the price difference found as a percentage of the CIF frontier price was 65 %.

| (164) | This suggests that if the measures were to expire, and the prices at which the Chinese exporting producers would export the product concerned to the Union are in line with prices to other third countries observed during the review, the dumping margins would likely be significant, similar to the levels found in the original investigation. |
| --- | --- |

(164)

This suggests that if the measures were to expire, and the prices at which the Chinese exporting producers would export the product concerned to the Union are in line with prices to other third countries observed during the review, the dumping margins would likely be significant, similar to the levels found in the original investigation.

| (165) | In addition, as indicated in recitals (13) and (27), CISA and Primex claimed that in order to curb exports and redirect Chinese steel production to the Chinese domestic industry, the Chinese Ministry of Finance announced that as of 1 August 2021, certain steel products, including heavy plate, were no longer eligible for VAT export refund (67). CISA argued that the GOC’s intention behind this change in policy was to decrease exports and redirect Chinese production to the domestic industry. CISA argued that, as a result of this change in policy, a significant decrease of exports of heavy plate from China can be expected in the immediate future, while Primex argued that there would be a moderate increase in imports from China. |
| --- | --- |

(165)

In addition, as indicated in recitals (13) and (27), CISA and Primex claimed that in order to curb exports and redirect Chinese steel production to the Chinese domestic industry, the Chinese Ministry of Finance announced that as of 1 August 2021, certain steel products, including heavy plate, were no longer eligible for VAT export refund (67). CISA argued that the GOC’s intention behind this change in policy was to decrease exports and redirect Chinese production to the domestic industry. CISA argued that, as a result of this change in policy, a significant decrease of exports of heavy plate from China can be expected in the immediate future, while Primex argued that there would be a moderate increase in imports from China.

67

| (166) | While indeed the Chinese exporting producers lost this export incentive as of 2021, in view of: the (1) decrease in demand on the Chinese market as stated in recital (69); (2) the existence of anti-dumping measures in several other major markets as explained in recital (169); and (3) significant spare capacity as stated in recitals (66) and (69), the loss of this incentive would not preclude the Chinese producers from exporting to the Union market heavy plates in high volumes at dumped prices in case the measures are terminated in order to use their spare capacity. Furthermore, CISA and Primex did not quantify the likely impact the removal of the VAT refund may have on the export price. They also have conflicting views on the impact on import volumes if measures were allowed to lapse. The Commission therefore, rejected these arguments. |
| --- | --- |

(166)

While indeed the Chinese exporting producers lost this export incentive as of 2021, in view of: the (1) decrease in demand on the Chinese market as stated in recital (69); (2) the existence of anti-dumping measures in several other major markets as explained in recital (169); and (3) significant spare capacity as stated in recitals (66) and (69), the loss of this incentive would not preclude the Chinese producers from exporting to the Union market heavy plates in high volumes at dumped prices in case the measures are terminated in order to use their spare capacity. Furthermore, CISA and Primex did not quantify the likely impact the removal of the VAT refund may have on the export price. They also have conflicting views on the impact on import volumes if measures were allowed to lapse. The Commission therefore, rejected these arguments.

4.3.   Relation between export prices to third countries and the price level in the Union

Relation between export prices to third countries and the price level in the Union

| (167) | The Commission examined the price levels which the Union producers would be able to attain on the Union market as compared to the Chinese exporting producers’ price levels to other third country markets. |
| --- | --- |

(167)

The Commission examined the price levels which the Union producers would be able to attain on the Union market as compared to the Chinese exporting producers’ price levels to other third country markets.

| (168) | In the absence of cooperation from the Chinese producers, the Commission used GTA. The Commission found that during the review investigation period the average sales price of the Union industry on the free market (749 EUR/tonne) during the review investigation period as stated in Table 9 was the same as the average FOB price to third countries (EUR 749 per tonne) but higher than the average price of the Chinese commodity code with the biggest volume of exports. Therefore, Chinese exporting producers would find it advantageous to shift exports from third countries to the Union, should the measures lapse, thereby taking the opportunity to expand their exports to the Union market. |
| --- | --- |

(168)

In the absence of cooperation from the Chinese producers, the Commission used GTA. The Commission found that during the review investigation period the average sales price of the Union industry on the free market (749 EUR/tonne) during the review investigation period as stated in Table 9 was the same as the average FOB price to third countries (EUR 749 per tonne) but higher than the average price of the Chinese commodity code with the biggest volume of exports. Therefore, Chinese exporting producers would find it advantageous to shift exports from third countries to the Union, should the measures lapse, thereby taking the opportunity to expand their exports to the Union market.

4.4.   Possible absorption capacity of third country markets

Possible absorption capacity of third country markets

| (169) | According to information provided by the applicant in the request for review, internet research and examination of the WTO database, the Commission found that anti-dumping measures are imposed on heavy plate imports from the PRC to Brazil, Canada, Indonesia, Thailand, the United States of America (68) and the United Kingdom (69). Given the Chinese exporters’ difficulties to sell to all of these markets, if the current measures were allowed to expire, the Union market would become very attractive to Chinese exporters seeking to export their excess production and use spare capacity. |
| --- | --- |

(169)

According to information provided by the applicant in the request for review, internet research and examination of the WTO database, the Commission found that anti-dumping measures are imposed on heavy plate imports from the PRC to Brazil, Canada, Indonesia, Thailand, the United States of America (68) and the United Kingdom (69). Given the Chinese exporters’ difficulties to sell to all of these markets, if the current measures were allowed to expire, the Union market would become very attractive to Chinese exporters seeking to export their excess production and use spare capacity.

68

69

4.5.   Conclusion

Conclusion

| (170) | In view of the assessment made in recitals (66) to (169), in particular the significant spare capacity of Chinese exporters, the attractiveness of the Union market and the low absorption capacity of third country markets, the Commission concluded that dumped imports from the PRC are likely to recur if the measures in force were allowed to lapse. |
| --- | --- |

(170)

In view of the assessment made in recitals (66) to (169), in particular the significant spare capacity of Chinese exporters, the attractiveness of the Union market and the low absorption capacity of third country markets, the Commission concluded that dumped imports from the PRC are likely to recur if the measures in force were allowed to lapse.

| (171) | Primex claimed that the level of imports in the Union in case the measures were terminated will not depend solely on the production capacity in China but on many factors of which the most important one was the consumer demand in the Union. Other factors were price and cost relations as well as the intensity of competition on the world market, the existence of trade barriers on the world market and the development of exchange rates. Primex also stated that how these factors will develop in the future cannot be predicted. |
| --- | --- |

(171)

Primex claimed that the level of imports in the Union in case the measures were terminated will not depend solely on the production capacity in China but on many factors of which the most important one was the consumer demand in the Union. Other factors were price and cost relations as well as the intensity of competition on the world market, the existence of trade barriers on the world market and the development of exchange rates. Primex also stated that how these factors will develop in the future cannot be predicted.

| (172) | As stated in recital (170) the Commission’s conclusion that dumped imports from the PRC are likely to recur in high volumes if the measures in force were allowed to lapse is not solely based on the spare capacity in China, but also on the attractiveness of the Union market and the low absorption capacity of third country markets. Primex did not substantiate its claim regarding the other factors and therefore it was rejected. |
| --- | --- |

(172)

As stated in recital (170) the Commission’s conclusion that dumped imports from the PRC are likely to recur in high volumes if the measures in force were allowed to lapse is not solely based on the spare capacity in China, but also on the attractiveness of the Union market and the low absorption capacity of third country markets. Primex did not substantiate its claim regarding the other factors and therefore it was rejected.

5.   INJURY

INJURY

5.1.   Definition of the Union industry and Union production

Definition of the Union industry and Union production

| (173) | The like product was manufactured by more than 25 producers in the Union during the period considered. They constitute the ‘Union industry’ within the meaning of Article 4(1) of the basic Regulation. |
| --- | --- |

(173)

The like product was manufactured by more than 25 producers in the Union during the period considered. They constitute the ‘Union industry’ within the meaning of Article 4(1) of the basic Regulation.

| (174) | The total Union production during the review investigation period was established at around 9,4 million tonnes. The Commission established the figure on the basis of all the available information concerning the Union industry, such as the request for the expiry review, verified questionnaire replies of the sampled Union producers and the verified submission of EUROFER. |
| --- | --- |

(174)

The total Union production during the review investigation period was established at around 9,4 million tonnes. The Commission established the figure on the basis of all the available information concerning the Union industry, such as the request for the expiry review, verified questionnaire replies of the sampled Union producers and the verified submission of EUROFER.

| (175) | As indicated in recital (41) above, three Union producers were selected in the sample. They represent more than 25 % of the total Union production of the like product and more than 31 % of the estimated total Union sales volume of the like product during the review investigation period. |
| --- | --- |

(175)

As indicated in recital (41) above, three Union producers were selected in the sample. They represent more than 25 % of the total Union production of the like product and more than 31 % of the estimated total Union sales volume of the like product during the review investigation period.

5.2.   Union consumption

Union consumption

| (176) | The Commission established the Union consumption on the basis of Eurostat import statistics and verified sales data from the Union industry. |
| --- | --- |

(176)

The Commission established the Union consumption on the basis of Eurostat import statistics and verified sales data from the Union industry.

| (177) | The Union consumption of the product under review developed as follows:

  Table 2


  Union consumption (tonnes) | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Total Union consumption | 9 311 229 | 8 437 312 | 7 450 606 | 8 380 262 |
| Index | 100 | 91 | 80 | 90 |
| Captive market | 866 715 | 530 957 | 492 545 | 665 731 |
| Index | 100 | 61 | 57 | 77 |
| Free market | 8 444 514 | 7 906 355 | 6 958 061 | 7 714 531 |
| Index | 100 | 94 | 82 | 91 |
| Source: Eurostat and verified data provided by EUROFER. |

(177)

The Union consumption of the product under review developed as follows:

Table 2

Table 2

Union consumption (tonnes)

Union consumption (tonnes)

2018

2019

2020

Review investigation period (2021)

Total Union consumption

9 311 229

8 437 312

7 450 606

8 380 262

Index

Index

100

100

91

91

80

80

90

90

Captive market

866 715

530 957

492 545

665 731

Index

Index

100

100

61

61

57

57

77

77

Free market

8 444 514

7 906 355

6 958 061

7 714 531

Index

Index

100

100

94

94

82

82

91

91

Source: Eurostat and verified data provided by EUROFER.

Source

| (178) | Total Union consumption first declined by 9 % in 2019 when the GDP growth of the Union slowed down significantly, hitting sectors with strong cyclical characteristics, such as the steel industry. Then, the decline was exacerbated by the economic downturn caused by the COVID-19 pandemic, consumption decreased further in 2020. During the review investigation period, consumption finally recovered but was 10 % below the level of 2018. |
| --- | --- |

(178)

Total Union consumption first declined by 9 % in 2019 when the GDP growth of the Union slowed down significantly, hitting sectors with strong cyclical characteristics, such as the steel industry. Then, the decline was exacerbated by the economic downturn caused by the COVID-19 pandemic, consumption decreased further in 2020. During the review investigation period, consumption finally recovered but was 10 % below the level of 2018.

| (179) | The Captive market includes both captive sales and captive use. Overall, the heavy plates destined to the captive market declined by 23 % during the period considered. Captive market accounted only for a marginal part of the heavy plate business, representing less than 10 % of total consumption throughout the period. The share of these sales in total consumption was even lower in 2019 and in 2020 in the context of the slowdown of the economy and the COVID-19 pandemic, it was around 6 % of consumption. This was mainly due to a lower demand by related companies active in the pipe sector. |
| --- | --- |

(179)

The Captive market includes both captive sales and captive use. Overall, the heavy plates destined to the captive market declined by 23 % during the period considered. Captive market accounted only for a marginal part of the heavy plate business, representing less than 10 % of total consumption throughout the period. The share of these sales in total consumption was even lower in 2019 and in 2020 in the context of the slowdown of the economy and the COVID-19 pandemic, it was around 6 % of consumption. This was mainly due to a lower demand by related companies active in the pipe sector.

| (180) | Union consumption in the free market followed a trend similar to that of total consumption. It steadily decreased by 18 % up to 2020 for the reasons mentioned in recital (178) and started to recover in the review investigation period. However, it did not reach the level of 2018. The investigation showed that certain sale segments, such as the automotive and wind turbines, were growing, in particular during the review investigation period. By contrast, some of the most important sales segments, such as the steel tube industry and shipbuilding, were severely affected by the economic slowdown and did not recover in the review investigation period. This led to a 9 % decrease of total Union consumption in the free market during the period considered. |
| --- | --- |

(180)

Union consumption in the free market followed a trend similar to that of total consumption. It steadily decreased by 18 % up to 2020 for the reasons mentioned in recital (178) and started to recover in the review investigation period. However, it did not reach the level of 2018. The investigation showed that certain sale segments, such as the automotive and wind turbines, were growing, in particular during the review investigation period. By contrast, some of the most important sales segments, such as the steel tube industry and shipbuilding, were severely affected by the economic slowdown and did not recover in the review investigation period. This led to a 9 % decrease of total Union consumption in the free market during the period considered.

5.3.   Imports from China

Imports from China

5.3.1.   Volume and market share of the imports from China

Volume and market share of the imports from China

| (181) | The Commission established the volume of imports from China on the basis of Eurostat import statistics. The market share of the imports was then established by comparing import volumes destined to the free market with the total Union consumption in that market as shown in Table 2 of recital (177) above. |
| --- | --- |

(181)

The Commission established the volume of imports from China on the basis of Eurostat import statistics. The market share of the imports was then established by comparing import volumes destined to the free market with the total Union consumption in that market as shown in Table 2 of recital (177) above.

| (182) | Imports into the Union from China developed as follows:

  Table 3


  Import volume and market share | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Volume of imports from China (tonnes) | 13 092 | 9 515 | 2 657 | 1 778 |
| Index | 100 | 73 | 20 | 14 |
| Market share (%) | 0,16 | 0,12 | 0,04 | 0,02 |
| Index | 100 | 78 | 25 | 15 |
| Source: Eurostat. |

(182)

Imports into the Union from China developed as follows:

Table 3

Table 3

Import volume and market share

Import volume and market share

2018

2019

2020

Review investigation period (2021)

Volume of imports from China (tonnes)

13 092

9 515

2 657

1 778

Index

Index

100

100

73

73

20

20

14

14

Market share (%)

0,16

0,12

0,04

0,02

Index

Index

100

100

78

78

25

25

15

15

Source: Eurostat.

Source:

| (183) | The import volume from China was as high as 1,4 million tonnes and the market share over 14 % in the original investigation. |
| --- | --- |

(183)

The import volume from China was as high as 1,4 million tonnes and the market share over 14 % in the original investigation.

| (184) | Chinese imports to the Union became negligible during the period considered. Their volume was already at a very low level in 2018 and dropped by 86 % over the period considered. |
| --- | --- |

(184)

Chinese imports to the Union became negligible during the period considered. Their volume was already at a very low level in 2018 and dropped by 86 % over the period considered.

| (185) | The market share of Chinese imports remained negligible during the period considered, namely below 1 % of Union consumption. |
| --- | --- |

(185)

The market share of Chinese imports remained negligible during the period considered, namely below 1 % of Union consumption.

5.3.2.   Prices of the imports from China

Prices of the imports from China

| (186) | In the absence of cooperation from Chinese exporting producers, the Commission established the average import price from China on the basis of Eurostat import statistics. |
| --- | --- |

(186)

In the absence of cooperation from Chinese exporting producers, the Commission established the average import price from China on the basis of Eurostat import statistics.

| (187) | The average price of imports into the Union from China developed as follows:

  Table 4


  Import price (EUR/tonne) | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Average import price from China | 459 | 728 | 651 | 925 |
| Index | 100 | 159 | 142 | 201 |
| Source: Eurostat. |

(187)

The average price of imports into the Union from China developed as follows:

Table 4

Table 4

Import price (EUR/tonne)

Import price (EUR/tonne)

2018

2019

2020

Review investigation period (2021)

Average import price from China

459

728

651

925

Index

Index

100

100

159

159

142

142

201

201

Source: Eurostat.

Source:

| (188) | The average import prices from China fluctuated significantly in the period considered. As shown in Table 3 in recital (182) above, the import volume remained negligible during the period considered. Hence, the Commission considered that no meaningful or relevant conclusions could be drawn on such a limited volume of imports. |
| --- | --- |

(188)

The average import prices from China fluctuated significantly in the period considered. As shown in Table 3 in recital (182) above, the import volume remained negligible during the period considered. Hence, the Commission considered that no meaningful or relevant conclusions could be drawn on such a limited volume of imports.

| (189) | In addition, throughout the period considered, it is noteworthy that whilst Union producers were selling their heavy plates based on medium term contracts, basically one / two-year contracts, with prices fixed for the contractual period, information available suggests that Chinese exporters were selling their heavy plates on spot basis, namely based on very short term contracts. This has allowed these exporters to adapt their prices relatively quickly to market conditions and rapidly follow the price trend. Nevertheless, as mentioned in recital (185), the market share of Chinese products systematically remained below the de minimis level during the period considered, hence, no meaningful conclusions can be drawn on the pricing for such limited quantities. |
| --- | --- |

(189)

In addition, throughout the period considered, it is noteworthy that whilst Union producers were selling their heavy plates based on medium term contracts, basically one / two-year contracts, with prices fixed for the contractual period, information available suggests that Chinese exporters were selling their heavy plates on spot basis, namely based on very short term contracts. This has allowed these exporters to adapt their prices relatively quickly to market conditions and rapidly follow the price trend. Nevertheless, as mentioned in recital (185), the market share of Chinese products systematically remained below the de minimis level during the period considered, hence, no meaningful conclusions can be drawn on the pricing for such limited quantities.

5.4.   Imports from third countries other than China

Imports from third countries other than China

| (190) | The imports of heavy plates from third countries other than China were mainly from Ukraine, India, the Russian Federation and the Republic of Korea. |
| --- | --- |

(190)

The imports of heavy plates from third countries other than China were mainly from Ukraine, India, the Russian Federation and the Republic of Korea.

| (191) | The (aggregated) volume of imports into the Union as well as the share in the free market and price trends for imports of heavy plates from other third countries developed as follows:

  Table 5


  Imports from third countries and market shares


  Country | | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- | --- |
| Ukraine | Volume (tonnes) | 342 512 | 307 463 | 381 846 | 457 959 |
| | Index | 100 | 90 | 111 | 134 |
| | Market share (%) | 4,1 | 3,9 | 5,5 | 5,9 |
| | Index | 100 | 96 | 135 | 146 |
| | Average price (EUR/tonne) | 582 | 582 | 494 | 758 |
| | Index | 100 | 100 | 85 | 130 |
| India | Volume (tonnes) | 294 240 | 113 830 | 145 573 | 182 440 |
| | Index | 100 | 39 | 49 | 62 |
| | Market share (%) | 3,5 | 1,4 | 2,1 | 2,4 |
| | Index | 100 | 41 | 60 | 68 |
| | Average price (EUR/tonne) | 576 | 579 | 470 | 675 |
| | Index | 100 | 100 | 82 | 117 |
| The Russian Federation | Volume (tonnes) | 174 828 | 169 196 | 162 334 | 179 341 |
| | Index | 100 | 97 | 93 | 103 |
| | Market share (%) | 2,1 | 2,1 | 2,3 | 2,3 |
| | Index | 100 | 103 | 113 | 112 |
| | Average price (EUR/tonne) | 538 | 519 | 433 | 661 |
| | Index | 100 | 96 | 80 | 123 |
| The Republic of Korea | Volume (tonnes) | 200 522 | 220 171 | 214 634 | 127 688 |
| | Index | 100 | 110 | 107 | 64 |
| | Market share (%) | 2,4 | 2,8 | 3,1 | 1,7 |
| | Index | 100 | 117 | 130 | 70 |
| | Average price (EUR/tonne) | 592 | 578 | 529 | 726 |
| | Index | 100 | 98 | 89 | 123 |
| Total of all third countries except China | Volume (tonnes) | 1 226 693 | 1 001 795 | 1 069 141 | 1 190 755 |
| | Index | 100 | 82 | 87 | 97 |
| | Market share (%) | 14,5 | 12,7 | 15,4 | 15,4 |
| | Index | 100 | 87 | 106 | 106 |
| | Average price (EUR/tonne) | 579 | 581 | 497 | 731 |
| | Index | 100 | 100 | 86 | 126 |
| Source: Eurostat. |

(191)

The (aggregated) volume of imports into the Union as well as the share in the free market and price trends for imports of heavy plates from other third countries developed as follows:

Table 5

Table 5

Imports from third countries and market shares

Imports from third countries and market shares

Country

2018

2019

2020

Review investigation period (2021)

Ukraine

Volume (tonnes)

342 512

307 463

381 846

457 959

Index

Index

100

100

90

90

111

111

134

134

Market share (%)

4,1

3,9

5,5

5,9

Index

Index

100

100

96

96

135

135

146

146

Average price (EUR/tonne)

582

582

494

758

Index

Index

100

100

100

100

85

85

130

130

India

Volume (tonnes)

294 240

113 830

145 573

182 440

Index

Index

100

100

39

39

49

49

62

62

Market share (%)

3,5

1,4

2,1

2,4

Index

Index

100

100

41

41

60

60

68

68

Average price (EUR/tonne)

576

579

470

675

Index

Index

100

100

100

100

82

82

117

117

The Russian Federation

Volume (tonnes)

174 828

169 196

162 334

179 341

Index

Index

100

100

97

97

93

93

103

103

Market share (%)

2,1

2,1

2,3

2,3

Index

Index

100

100

103

103

113

113

112

112

Average price (EUR/tonne)

538

519

433

661

Index

Index

100

100

96

96

80

80

123

123

The Republic of Korea

Volume (tonnes)

200 522

220 171

214 634

127 688

Index

Index

100

100

110

110

107

107

64

64

Market share (%)

2,4

2,8

3,1

1,7

Index

Index

100

100

117

117

130

130

70

70

Average price (EUR/tonne)

592

578

529

726

Index

Index

100

100

98

98

89

89

123

123

Total of all third countries except China

Volume (tonnes)

1 226 693

1 001 795

1 069 141

1 190 755

Index

Index

100

100

82

82

87

87

97

97

Market share (%)

14,5

12,7

15,4

15,4

Index

Index

100

100

87

87

106

106

106

106

Average price (EUR/tonne)

579

581

497

731

Index

Index

100

100

100

100

86

86

126

126

Source: Eurostat.

Source:

| (192) | Total imports of the product under review from third countries other than China decreased by 3 % over the period considered. |
| --- | --- |

(192)

Total imports of the product under review from third countries other than China decreased by 3 % over the period considered.

| (193) | Given that the volume of imports from other third countries overall decreased to a lesser extent than the Union consumption over the period considered as described in recital (178), the market share of imports from other third countries increased by 6 % (or 0,9 percentage point) over the period considered. |
| --- | --- |

(193)

Given that the volume of imports from other third countries overall decreased to a lesser extent than the Union consumption over the period considered as described in recital (178), the market share of imports from other third countries increased by 6 % (or 0,9 percentage point) over the period considered.

| (194) | In order to calculate imports of heavy plates made of non-alloy steel, the applicant used Eurostat data covering the full CN codes which correspond to these products, rather than only the respective TARIC codes. This is because, in the applicant’s view, all products imported under these CN codes should be product under review. As regards in particular tool steel, which is excluded from the product scope, the applicant argued that according to the definition in the Combined Nomenclature (70), tool steel can only be made of alloy steel, and therefore, there can be no tool steel products falling under CN codes corresponding to non-alloy steel. In any event, the applicant claimed that the complaint in the original investigation excluded only tool steel made of alloy steel. The applicant considered that the Commission should not have established 10-digit TARIC codes for the main non-alloy heavy plate CN codes 7208 51 20, 7208 51 91, 7208 51 98 and 7208 52 91 and that a calculation using these TARIC codes would significantly underestimate imports due to misclassification. In turn, such underestimation would lead to errors in the calculation of other injury factors, such as consumption and market share, and possibly to a distorted picture of the situation of the Union industry in the injury analysis. |
| --- | --- |

(194)

In order to calculate imports of heavy plates made of non-alloy steel, the applicant used Eurostat data covering the full CN codes which correspond to these products, rather than only the respective TARIC codes. This is because, in the applicant’s view, all products imported under these CN codes should be product under review. As regards in particular tool steel, which is excluded from the product scope, the applicant argued that according to the definition in the Combined Nomenclature (70), tool steel can only be made of alloy steel, and therefore, there can be no tool steel products falling under CN codes corresponding to non-alloy steel. In any event, the applicant claimed that the complaint in the original investigation excluded only tool steel made of alloy steel. The applicant considered that the Commission should not have established 10-digit TARIC codes for the main non-alloy heavy plate CN codes 7208 51 20, 7208 51 91, 7208 51 98 and 7208 52 91 and that a calculation using these TARIC codes would significantly underestimate imports due to misclassification. In turn, such underestimation would lead to errors in the calculation of other injury factors, such as consumption and market share, and possibly to a distorted picture of the situation of the Union industry in the injury analysis.

70

| (195) | The Commission found that tool steel products can be made also of non-alloy steel (i.e. carbon steel) (71) and that at least some quantities of such products have been imported into the Union during the period considered. The existence of tool steel made of non-alloy steel does not contradict the definition of tool steel in the Combined Nomenclature, as that definition is provided only for the purposes of specific subheadings (CN codes), which correspond to alloy steel products. Moreover, the applicant has not provided any evidence of misclassification of imports of the product under review. In view of the above, the Commission confirmed that the basis, which is relevant to calculate import data, should be the respective TARIC codes, where such codes had been created. Finally, the Commission noted that even if there was evidence that a higher estimate resulting from the use of full CN codes would be more accurate, the conclusions on injury would not change. |
| --- | --- |

(195)

The Commission found that tool steel products can be made also of non-alloy steel (i.e. carbon steel) (71) and that at least some quantities of such products have been imported into the Union during the period considered. The existence of tool steel made of non-alloy steel does not contradict the definition of tool steel in the Combined Nomenclature, as that definition is provided only for the purposes of specific subheadings (CN codes), which correspond to alloy steel products. Moreover, the applicant has not provided any evidence of misclassification of imports of the product under review. In view of the above, the Commission confirmed that the basis, which is relevant to calculate import data, should be the respective TARIC codes, where such codes had been created. Finally, the Commission noted that even if there was evidence that a higher estimate resulting from the use of full CN codes would be more accurate, the conclusions on injury would not change.

71

5.5.   Economic situation of the Union industry

Economic situation of the Union industry

5.5.1.   General remarks

General remarks

| (196) | The assessment of the economic situation of the Union industry included an evaluation of all economic indicators having a bearing on the state of the Union industry during the period considered. |
| --- | --- |

(196)

The assessment of the economic situation of the Union industry included an evaluation of all economic indicators having a bearing on the state of the Union industry during the period considered.

| (197) | As mentioned in recital (41), sampling was used for the assessment of the economic situation of the Union industry. |
| --- | --- |

(197)

As mentioned in recital (41), sampling was used for the assessment of the economic situation of the Union industry.

| (198) | For the injury determination, the Commission distinguished between macroeconomic and microeconomic injury indicators. The Commission evaluated the macroeconomic indicators on the basis of data contained in the request for review and the verified submission from the applicant, namely the data related to all Union producers. The Commission established the microeconomic indicators on the basis of data contained in the questionnaire replies from the sampled Union producers, namely the data related to the sampled Union producers. Both sets of data were found to be representative for establishing the economic situation of the Union industry. |
| --- | --- |

(198)

For the injury determination, the Commission distinguished between macroeconomic and microeconomic injury indicators. The Commission evaluated the macroeconomic indicators on the basis of data contained in the request for review and the verified submission from the applicant, namely the data related to all Union producers. The Commission established the microeconomic indicators on the basis of data contained in the questionnaire replies from the sampled Union producers, namely the data related to the sampled Union producers. Both sets of data were found to be representative for establishing the economic situation of the Union industry.

| (199) | The macroeconomic indicators are: production, production capacity, capacity utilisation, sales volume, market share, growth, employment, productivity, magnitude of the dumping margin, and recovery from past dumping. |
| --- | --- |

(199)

The macroeconomic indicators are: production, production capacity, capacity utilisation, sales volume, market share, growth, employment, productivity, magnitude of the dumping margin, and recovery from past dumping.

| (200) | The microeconomic indicators are: average unit prices, unit cost, labour costs, inventories, profitability, cash flow, investments, return on investments, and ability to raise capital. |
| --- | --- |

(200)

The microeconomic indicators are: average unit prices, unit cost, labour costs, inventories, profitability, cash flow, investments, return on investments, and ability to raise capital.

5.5.2.   Macroeconomic indicators

Macroeconomic indicators

5.5.2.1.   Production, production capacity and capacity utilisation

| (201) | The total Union production, production capacity and capacity utilisation developed over the period considered as follows:

  Table 6 A


  Production, production capacity and capacity utilisation | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Production volume (tonnes) | 10 261 491 | 9 382 766 | 8 684 523 | 9 441 069 |
| Index | 100 | 91 | 85 | 92 |
| Production capacity (tonnes) | 14 172 600 | 14 479 668 | 14 645 251 | 13 445 956 |
| Index | 100 | 102 | 103 | 95 |
| Capacity utilisation (%) | 72 | 65 | 59 | 70 |
| Index | 100 | 89 | 82 | 97 |
| Source: Request for review and verified data provided by EUROFER. |

(201)

The total Union production, production capacity and capacity utilisation developed over the period considered as follows:

Table 6 A

Table 6 A

Production, production capacity and capacity utilisation

Production, production capacity and capacity utilisation

2018

2019

2020

Review investigation period (2021)

Production volume (tonnes)

10 261 491

9 382 766

8 684 523

9 441 069

Index

Index

100

100

91

91

85

85

92

92

Production capacity (tonnes)

14 172 600

14 479 668

14 645 251

13 445 956

Index

Index

100

100

102

102

103

103

95

95

Capacity utilisation (%)

72

65

59

70

Index

Index

100

100

89

89

82

82

97

97

Source: Request for review and verified data provided by EUROFER.

Source:

| (202) | The investigation showed that the trends in Union industry production closely followed the trends in consumption in the free market. Overall, production declined by 8 % during the period considered. The situation was particularly difficult in 2020 when production was reduced by 15 % because of a low demand caused by the surge of the Covid-19 pandemic that year. Production recovered in the review investigation period, in line with the increases of consumption in the free market and captive use, but did not reach its 2018 level. |
| --- | --- |

(202)

The investigation showed that the trends in Union industry production closely followed the trends in consumption in the free market. Overall, production declined by 8 % during the period considered. The situation was particularly difficult in 2020 when production was reduced by 15 % because of a low demand caused by the surge of the Covid-19 pandemic that year. Production recovered in the review investigation period, in line with the increases of consumption in the free market and captive use, but did not reach its 2018 level.

| (203) | The production capacity dedicated to heavy plates was maintained and even slightly increased in the period 2018 to 2020. However, the investigation showed that the Union industry had to shut down some of its capacity or transferred it to other products in the review investigation period. Overall capacity was reduced by 5 % or by 727 thousand tonnes during the period considered. |
| --- | --- |

(203)

The production capacity dedicated to heavy plates was maintained and even slightly increased in the period 2018 to 2020. However, the investigation showed that the Union industry had to shut down some of its capacity or transferred it to other products in the review investigation period. Overall capacity was reduced by 5 % or by 727 thousand tonnes during the period considered.

| (204) | Given the reduction in production capacity by 5 %, the utilization rate at the beginning and at the end of the review investigation period was maintained at around 70 %. However, the utilisation rate was particularly low in 2019 and 2020 when it was as low as 59 %. This low rate was caused by the economic downturn resulting from the Covid-19 crisis which led to a significant reduction in consumption in the free market and in the production intended for captive use and captive sales.

  Table 6 B


  Union production intended for captive use and captive sales | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Production volume (tonnes) | 866 715 | 530 957 | 492 545 | 665 731 |
| Index | 100 | 61 | 57 | 77 |
| Source: Verified data provided by EUROFER. |

(204)

Given the reduction in production capacity by 5 %, the utilization rate at the beginning and at the end of the review investigation period was maintained at around 70 %. However, the utilisation rate was particularly low in 2019 and 2020 when it was as low as 59 %. This low rate was caused by the economic downturn resulting from the Covid-19 crisis which led to a significant reduction in consumption in the free market and in the production intended for captive use and captive sales.

Table 6 B

Table 6 B

Union production intended for captive use and captive sales

Union production intended for captive use and captive sales

2018

2019

2020

Review investigation period (2021)

Production volume (tonnes)

866 715

530 957

492 545

665 731

Index

Index

100

100

61

57

77

Source: Verified data provided by EUROFER.

Source:

| (205) | As mentioned under point 5.2 ‘Union consumption’, the consumption for heavy plates declined over the period considered. The effect of the downturn was particularly marked for the production intended for captive use and the captive sales, which dropped by 39 % in 2019 and by a further 4 percentage points in 2020. The recovery observed in the review investigation period was not sufficient to regain the production volume lost in the previous years. |
| --- | --- |

(205)

As mentioned under point 5.2 ‘Union consumption’, the consumption for heavy plates declined over the period considered. The effect of the downturn was particularly marked for the production intended for captive use and the captive sales, which dropped by 39 % in 2019 and by a further 4 percentage points in 2020. The recovery observed in the review investigation period was not sufficient to regain the production volume lost in the previous years.

5.5.2.2.   Sales volume and market share

| (206) | The Union industry’s sales volume and market share developed over the period considered as follows:

  Table 7


  Sales volume and market share | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Total sales volume on the Union market (tonnes) | 7 977 991 | 7 317 413 | 6 233 894 | 7 006 890 |
| Index | 100 | 92 | 78 | 88 |
| Market share (%) | 85,7 | 86,7 | 83,7 | 83,6 |
| Index | 100 | 101 | 98 | 98 |
| Captive sales | 773 262 | 422 368 | 347 631 | 484 892 |
| Index | 100 | 55 | 45 | 63 |
| Market share of captive sales (%) | 8,3 | 5,0 | 4,7 | 5,8 |
| Index | 100 | 60 | 56 | 70 |
| Free market sales | 7 204 729 | 6 895 045 | 5 886 263 | 6 521 998 |
| Index | 100 | 96 | 82 | 91 |
| Market share of free market sales (%) | 77,4 | 81,7 | 79,0 | 77,8 |
| Index | 100 | 106 | 102 | 101 |
| Source: Verified data provided by EUROFER. |

(206)

The Union industry’s sales volume and market share developed over the period considered as follows:

Table 7

Table 7

Sales volume and market share

Sales volume and market share

2018

2019

2020

Review investigation period (2021)

Total sales volume on the Union market (tonnes)

7 977 991

7 317 413

6 233 894

7 006 890

Index

Index

100

100

92

92

78

78

88

88

Market share (%)

85,7

86,7

83,7

83,6

Index

Index

100

100

101

101

98

98

98

98

Captive sales

773 262

422 368

347 631

484 892

Index

Index

100

100

55

55

45

45

63

63

Market share of captive sales (%)

8,3

5,0

4,7

5,8

Index

Index

100

100

60

60

56

56

70

70

Free market sales

7 204 729

6 895 045

5 886 263

6 521 998

Index

Index

100

100

96

96

82

82

91

91

Market share of free market sales (%)

77,4

81,7

79,0

77,8

Index

Index

100

100

106

106

102

102

101

101

Source: Verified data provided by EUROFER.

Source:

| (207) | The development of the total sales volume of the Union industry by and large followed the trend in consumption during the period considered. It decreased by 8 % in 2019 and even further in 2020, the year when the Covid-19 pandemic occurred. Even if demand recovered in the review investigation period, it did not allow the industry to reach the sales level of 2018. Overall, almost one million tonnes of sales were lost in the period considered. |
| --- | --- |

(207)

The development of the total sales volume of the Union industry by and large followed the trend in consumption during the period considered. It decreased by 8 % in 2019 and even further in 2020, the year when the Covid-19 pandemic occurred. Even if demand recovered in the review investigation period, it did not allow the industry to reach the sales level of 2018. Overall, almost one million tonnes of sales were lost in the period considered.

| (208) | The investigation showed that the captive sales were more severely affected than the sales in the free market. The decrease between 2018 and the end of 2020 was as high as 55 % (or around 425 000 tonnes). The recovery in captive sales during the review investigation period was relatively weak and these sales were still 37 % below the 2018 level. |
| --- | --- |

(208)

The investigation showed that the captive sales were more severely affected than the sales in the free market. The decrease between 2018 and the end of 2020 was as high as 55 % (or around 425 000 tonnes). The recovery in captive sales during the review investigation period was relatively weak and these sales were still 37 % below the 2018 level.

| (209) | The sales in the free market were also hit by the general downturn in the market and trends in sales also followed the trends in consumption in that market. The apparent recovery in the review investigation period was weak and not sufficient to recover the sales volume lost in the previous years. |
| --- | --- |

(209)

The sales in the free market were also hit by the general downturn in the market and trends in sales also followed the trends in consumption in that market. The apparent recovery in the review investigation period was weak and not sufficient to recover the sales volume lost in the previous years.

| (210) | As the trends in sales volume closely followed the trends in consumption in the free market, the Union Industry did not suffer a loss in market share in that market. This cannot hide the fact that the loss in sales volume in the free market (- 683 000 tonnes) was considerable during the period considered. |
| --- | --- |

(210)

As the trends in sales volume closely followed the trends in consumption in the free market, the Union Industry did not suffer a loss in market share in that market. This cannot hide the fact that the loss in sales volume in the free market (- 683 000 tonnes) was considerable during the period considered.

5.5.2.3.   Growth

| (211) | As mentioned in recital (178), the period considered covered the year 2019, when an economic growth slowdown occurred, and 2020 which exacerbated the downturn due to the Covid-19 pandemic. Hence, the market and other volume indicators did not grow in that period even if there were encouraging signs of recovery in the market in the review investigation period. |
| --- | --- |

(211)

As mentioned in recital (178), the period considered covered the year 2019, when an economic growth slowdown occurred, and 2020 which exacerbated the downturn due to the Covid-19 pandemic. Hence, the market and other volume indicators did not grow in that period even if there were encouraging signs of recovery in the market in the review investigation period.

5.5.2.4.   Employment and productivity

| (212) | Employment and productivity developed over the period considered as follows:

  Table 8


  Employment and productivity | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Number of employees | 18 722 | 18 979 | 18 795 | 16 032 |
| Index | 100 | 101 | 100 | 86 |
| Productivity (tonnes/FTE) | 548 | 494 | 462 | 589 |
| Index | 100 | 90 | 84 | 107 |
| Source: Verified data provided by EUROFER. |

(212)

Employment and productivity developed over the period considered as follows:

Table 8

Table 8

Employment and productivity

Employment and productivity

2018

2019

2020

Review investigation period (2021)

Number of employees

18 722

18 979

18 795

16 032

Index

Index

100

100

101

101

100

100

86

86

Productivity (tonnes/FTE)

548

494

462

589

Index

Index

100

100

90

90

84

84

107

107

Source: Verified data provided by EUROFER.

Source:

| (213) | The Union industry kept its employment until the end of 2020 but had to lay-off 14 % of its workforce in the review investigation period due to the severity of the downturn in the market. This included the workforce lost by the closing down of one of the Union’s producers’ (ThyssenKrupp) heavy plate operations in 2021. |
| --- | --- |

(213)

The Union industry kept its employment until the end of 2020 but had to lay-off 14 % of its workforce in the review investigation period due to the severity of the downturn in the market. This included the workforce lost by the closing down of one of the Union’s producers’ (ThyssenKrupp) heavy plate operations in 2021.

| (214) | The Productivity of the Union industry’s employees was very low in 2019 and 2020 because production decreased significantly (up to -15 %) and employment was maintained these years. The recovery in productivity in the review investigation period was due to a lower number of employees and the recovery in production (+7 %) compared to 2020. |
| --- | --- |

(214)

The Productivity of the Union industry’s employees was very low in 2019 and 2020 because production decreased significantly (up to -15 %) and employment was maintained these years. The recovery in productivity in the review investigation period was due to a lower number of employees and the recovery in production (+7 %) compared to 2020.

5.5.2.5.   Recovery from past dumping

| (215) | Given that the volume of imports from China was negligible during the review investigation period, the Commission did not carry out a dumping calculation for that period. However, it is recalled that such calculations were done in the context of the likelihood of recurrence of dumping in chapter 4 above. |
| --- | --- |

(215)

Given that the volume of imports from China was negligible during the review investigation period, the Commission did not carry out a dumping calculation for that period. However, it is recalled that such calculations were done in the context of the likelihood of recurrence of dumping in chapter 4 above.

| (216) | In the context of recovery from past dumping, it is noteworthy that the current investigation is the first review of the original measures, the level of which ranges from 65,1 % to 73,7 %. In view of the 14,4 % market share then held by the Chinese exporters, the negative impact past dumping had on the Union market and on the Union industry in the long term cannot be underestimated, in particular in a context of economic downturn. |
| --- | --- |

(216)

In the context of recovery from past dumping, it is noteworthy that the current investigation is the first review of the original measures, the level of which ranges from 65,1 % to 73,7 %. In view of the 14,4 % market share then held by the Chinese exporters, the negative impact past dumping had on the Union market and on the Union industry in the long term cannot be underestimated, in particular in a context of economic downturn.

| (217) | Given the unfavourable economic situation during the period considered, the Union industry did not recover sufficiently from the effects of past dumping. |
| --- | --- |

(217)

Given the unfavourable economic situation during the period considered, the Union industry did not recover sufficiently from the effects of past dumping.

5.5.3.   Microeconomic indicators

Microeconomic indicators

5.5.3.1.   Prices and factors affecting prices

| (218) | The weighted average unit sales prices to unrelated customers in the Union and the unit cost of production of the sampled Union producers developed over the period considered as follows:

  Table 9


  Sales prices in the Union and unit cost of production (EUR/tonne) | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Unit sales price in the Union on the total market | 680 | 713 | 674 | 762 |
| Index | 100 | 105 | 99 | 112 |
| Unit sales price on the captive market | [613 - 742 ] | [744 - 900 ] | [757 - 917 ] | [848 - 1 027 ] |
| Index | 100 | 121 | 124 | 138 |
| Unit sales price on the free market | 687 | 708 | 671 | 749 |
| Index | 100 | 103 | 98 | 109 |
| Unit cost of production | 746 | 794 | 776 | 839 |
| Index | 100 | 106 | 104 | 112 |
| Source: Questionnaire replies from the sampled Union producers. Data on the unit sales price on the captive market were ranged for reasons of confidentiality. |

(218)

The weighted average unit sales prices to unrelated customers in the Union and the unit cost of production of the sampled Union producers developed over the period considered as follows:

Table 9

Table 9

Sales prices in the Union and unit cost of production (EUR/tonne)

Sales prices in the Union and unit cost of production (EUR/tonne)

2018

2019

2020

Review investigation period (2021)

Unit sales price in the Union on the total market

680

713

674

762

Index

Index

100

100

105

105

99

99

112

112

Unit sales price on the captive market

[613 - 742 ]

[744 - 900 ]

[757 - 917 ]

[848 - 1 027 ]

Index

Index

100

100

121

121

124

124

138

138

Unit sales price on the free market

687

708

671

749

Index

Index

100

100

103

103

98

98

109

109

Unit cost of production

746

794

776

839

Index

Index

100

100

106

106

104

104

112

112

Source: Questionnaire replies from the sampled Union producers. Data on the unit sales price on the captive market were ranged for reasons of confidentiality.

Source:

| (219) | The Union industry could increase the sales price in the free market by 9 % over the period considered. However, the price increase was not sufficient to cover for the parallel cost increase in the period. As explained in recital (189) the Union industry sells on the basis of yearly or two-year contracts where prices are fixed during the contractual term. Besides, there is the effect of the Covid-19 pandemic and its impact on the market that could not be foreseen. |
| --- | --- |

(219)

The Union industry could increase the sales price in the free market by 9 % over the period considered. However, the price increase was not sufficient to cover for the parallel cost increase in the period. As explained in recital (189) the Union industry sells on the basis of yearly or two-year contracts where prices are fixed during the contractual term. Besides, there is the effect of the Covid-19 pandemic and its impact on the market that could not be foreseen.

| (220) | The investigation showed that prices could be adapted, to a certain extent, in line with the evolution of costs. The unit sales price in the free market was, nevertheless, 12 % below the unit cost of production during the review investigation period. |
| --- | --- |

(220)

The investigation showed that prices could be adapted, to a certain extent, in line with the evolution of costs. The unit sales price in the free market was, nevertheless, 12 % below the unit cost of production during the review investigation period.

5.5.3.2.   Labour costs

| (221) | The average labour costs of the sampled Union producers developed over the period considered as follows:

  Table 10


  Average labour costs per employee | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Average labour costs per employee (EUR/FTE) | 73 799 | 75 871 | 69 631 | 77 009 |
| Index | 100 | 103 | 94 | 104 |
| Source: Questionnaire replies from the sampled Union producers. |

(221)

The average labour costs of the sampled Union producers developed over the period considered as follows:

Table 10

Table 10

Average labour costs per employee

Average labour costs per employee

2018

2019

2020

Review investigation period (2021)

Average labour costs per employee (EUR/FTE)

73 799

75 871

69 631

77 009

Index

Index

100

100

103

103

94

94

104

104

Source: Questionnaire replies from the sampled Union producers.

Source:

| (222) | During the period considered average labour costs slightly fluctuated and showed an overall increase by 4 %. |
| --- | --- |

(222)

During the period considered average labour costs slightly fluctuated and showed an overall increase by 4 %.

5.5.3.3.   Inventories

| (223) | The stock levels of the sampled Union producers developed over the period considered as follows:

  Table 11


  Inventories | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Closing stocks (tonnes) | 288 326 | 234 287 | 236 113 | 294 404 |
| Index | 100 | 81 | 82 | 102 |
| Closing stocks as a percentage of production | 11,8 | 10,0 | 11,7 | 12,6 |
| Index | 100 | 85 | 99 | 107 |

(223)

The stock levels of the sampled Union producers developed over the period considered as follows:

Table 11

Table 11

Inventories

Inventories

2018

2019

2020

Review investigation period (2021)

Closing stocks (tonnes)

288 326

234 287

236 113

294 404

Index

Index

100

100

81

81

82

82

102

102

Closing stocks as a percentage of production

11,8

10,0

11,7

12,6

Index

Index

100

100

85

85

99

99

107

107

Source: Questionnaire replies from the sampled Union producers.

Source:

| (224) | Table 11 shows that the stocks of heavy plates dropped by almost 20 % from 2018 to 2019, remained stable in 2020, and increased back to 2018 levels in 2021, at around 12 % of total production. Stocks are not considered an important injury indicator for the industry since the like product is normally produced by the Union industry based on specific orders of the users. |
| --- | --- |

(224)

Table 11 shows that the stocks of heavy plates dropped by almost 20 % from 2018 to 2019, remained stable in 2020, and increased back to 2018 levels in 2021, at around 12 % of total production. Stocks are not considered an important injury indicator for the industry since the like product is normally produced by the Union industry based on specific orders of the users.

5.5.3.4.   Profitability, cash flow, investments, return on investments and ability to raise capital

| (225) | Profitability, cash flow, investments and return on investments of the sampled Union producers developed over the period considered as follows:

  Table 12


  Profitability, cash flow, investments and return on investments | 2018 | 2019 | 2020 | Review investigation period (2021) |
| --- | --- | --- | --- | --- | --- |
| Profitability of sales in the Union to unrelated customers (% of sales turnover) | -5,7 | -7,6 | -11,0 | -3,4 |
| Index | - 100 | - 134 | - 194 | -59 |
| Cash flow (EUR) | -49 630 826 | -39 006 682 | - 117 031 312 | -66 865 341 |
| Index | - 100 | -79 | - 236 | - 135 |
| Investments (EUR) | 96 993 957 | 107 862 764 | 81 821 894 | 41 298 553 |
| Index | 100 | 111 | 84 | 43 |
| Return on investments (%) | -10,5 | -15,9 | -20,0 | -5,4 |
| Index | - 100 | - 151 | - 190 | -51 |
| Source: Questionnaire replies from the sampled Union producers. |

(225)

Profitability, cash flow, investments and return on investments of the sampled Union producers developed over the period considered as follows:

Table 12

Table 12

Profitability, cash flow, investments and return on investments

Profitability, cash flow, investments and return on investments

2018

2019

2020

Review investigation period (2021)

Profitability of sales in the Union to unrelated customers (% of sales turnover)

-5,7

-7,6

-11,0

-3,4

Index

Index

- 100

- 100

- 134

- 134

- 194

- 194

-59

-59

Cash flow (EUR)

-49 630 826

-39 006 682

- 117 031 312

-66 865 341

Index

Index

- 100

- 100

-79

-79

- 236

- 236

- 135

- 135

Investments (EUR)

96 993 957

107 862 764

81 821 894

41 298 553

Index

Index

100

100

111

111

84

84

43

43

Return on investments (%)

-10,5

-15,9

-20,0

-5,4

Index

Index

- 100

- 100

- 151

- 151

- 190

- 190

-51

-51

Source: Questionnaire replies from the sampled Union producers.

Source:

| (226) | The Commission established the profitability of the sampled Union producers by expressing the pre-tax net profit of the sales of the like product to unrelated customers in the Union, namely the sales in the free market, as a percentage of the turnover of those sales. As expected, profitability reached its lowest level, namely –11 %, in 2020 in the core of the pandemic. It recovered in the review investigation period but remained negative. This result could be achieved because prices were increased by up to 9 %, compared to 2018 and certain costs, such as total labour costs, could be reduced in that period. |
| --- | --- |

(226)

The Commission established the profitability of the sampled Union producers by expressing the pre-tax net profit of the sales of the like product to unrelated customers in the Union, namely the sales in the free market, as a percentage of the turnover of those sales. As expected, profitability reached its lowest level, namely –11 %, in 2020 in the core of the pandemic. It recovered in the review investigation period but remained negative. This result could be achieved because prices were increased by up to 9 %, compared to 2018 and certain costs, such as total labour costs, could be reduced in that period.

| (227) | The net cash flow is the ability of the Union producers to self-finance their activities. Cash flow remained negative during the period considered and significantly deteriorated in particular in 2020. It slightly recovered in the review investigation period but remained largely negative. |
| --- | --- |

(227)

The net cash flow is the ability of the Union producers to self-finance their activities. Cash flow remained negative during the period considered and significantly deteriorated in particular in 2020. It slightly recovered in the review investigation period but remained largely negative.

| (228) | The economic downturn, the increases in most costs of production and the losses incurred by the Union industry during the period considered had severe consequences on the level of investments, which had to be consistently and drastically reduced as from 2020. The level of investments in the review investigation period was less than half the level of 2018. |
| --- | --- |

(228)

The economic downturn, the increases in most costs of production and the losses incurred by the Union industry during the period considered had severe consequences on the level of investments, which had to be consistently and drastically reduced as from 2020. The level of investments in the review investigation period was less than half the level of 2018.

| (229) | The return on investments is the profit in percentage of the net book value of investments. As the other performance indicators, it remained negative during the period considered. It is not surprising to note that its lowest level (-20 %) was reached in 2020. The recovery of the market, the reduction of the loss but also a lower level of investments in the review investigation period led to a slightly improved result, albeit negative. |
| --- | --- |

(229)

The return on investments is the profit in percentage of the net book value of investments. As the other performance indicators, it remained negative during the period considered. It is not surprising to note that its lowest level (-20 %) was reached in 2020. The recovery of the market, the reduction of the loss but also a lower level of investments in the review investigation period led to a slightly improved result, albeit negative.

5.6.   Conclusion on injury

Conclusion on injury

| (230) | The investigation showed that imports from China decreased and remained below the de minimis level during the period considered. Hence, no meaningful conclusions could be drawn based on the volume or the price of such limited imported quantities. |
| --- | --- |

(230)

The investigation showed that imports from China decreased and remained below the de minimis level during the period considered. Hence, no meaningful conclusions could be drawn based on the volume or the price of such limited imported quantities.

de minimis

| (231) | The volume imported from other third countries also decreased in the period considered in a context of decreasing demand. The average import price of heavy plates imported from all other third countries was around 2,5 % below the average Union industry price level. Their market share remained by and large stable in that period. |
| --- | --- |

(231)

The volume imported from other third countries also decreased in the period considered in a context of decreasing demand. The average import price of heavy plates imported from all other third countries was around 2,5 % below the average Union industry price level. Their market share remained by and large stable in that period.

| (232) | The period considered includes the year 2020 which was the trigger for the Covid-19 pandemic which led to a significant general downturn in economies worldwide. In this context, the investigation showed that in a shrinking market all injury indicators of the Union industry developed negatively and / or remained negative during the period considered. Production was reduced and sales on the free market declined by 9 %, the Union Industry had to cut 14 % of its employment. Sales prices could be increased but not sufficiently to cover for the increases in costs of production, hence profitability, cash flow, investments and return on investments remained consistently negative in that period. |
| --- | --- |

(232)

The period considered includes the year 2020 which was the trigger for the Covid-19 pandemic which led to a significant general downturn in economies worldwide. In this context, the investigation showed that in a shrinking market all injury indicators of the Union industry developed negatively and / or remained negative during the period considered. Production was reduced and sales on the free market declined by 9 %, the Union Industry had to cut 14 % of its employment. Sales prices could be increased but not sufficiently to cover for the increases in costs of production, hence profitability, cash flow, investments and return on investments remained consistently negative in that period.

| (233) | On the basis of the above, the Commission concluded that the Union industry is in a very vulnerable state and suffered material injury within the meaning of Article 3(5) of the basic Regulation during the review investigation period. At the same time, the Commission concluded that given the negligible volume of imports of the product concerned from China, the material injury suffered by the Union industry during the review investigation period could not have been caused by imports from China. |
| --- | --- |

(233)

On the basis of the above, the Commission concluded that the Union industry is in a very vulnerable state and suffered material injury within the meaning of Article 3(5) of the basic Regulation during the review investigation period. At the same time, the Commission concluded that given the negligible volume of imports of the product concerned from China, the material injury suffered by the Union industry during the review investigation period could not have been caused by imports from China.

| (234) | Primex claimed that the drop in demand was the cause of the Union industry’s fragile state and that there was no evidence of a causal link between imports from China and the state of the Union producers. Hence, Chinese exporters could not be considered responsible for any injury suffered by the Union industry on the Union market. |
| --- | --- |

(234)

Primex claimed that the drop in demand was the cause of the Union industry’s fragile state and that there was no evidence of a causal link between imports from China and the state of the Union producers. Hence, Chinese exporters could not be considered responsible for any injury suffered by the Union industry on the Union market.

| (235) | The drop in consumption likely played a role in the economic situation of the Union industry during the period considered. It is however recalled that other criteria, in particular the likelihood of recurrence of dumping and injury caused by dumped imports from China, is to be taken into account in an expiry review investigation initiated under article 11(2) of the basic Regulation. In this regard, the Commission further examined the likelihood of recurrence of injury originally caused by imports from China.


  Comments following final disclosure |
| --- | --- |

(235)

The drop in consumption likely played a role in the economic situation of the Union industry during the period considered. It is however recalled that other criteria, in particular the likelihood of recurrence of dumping and injury caused by dumped imports from China, is to be taken into account in an expiry review investigation initiated under article 11(2) of the basic Regulation. In this regard, the Commission further examined the likelihood of recurrence of injury originally caused by imports from China.

Comments following final disclosure

Comments following final disclosure

| (236) | In its comments following final disclosure, the applicant agreed with the Commission’s conclusions, stating that the imposition of the anti-dumping measures has led to a general improvement in the economic situation of the Union industry as compared to the original investigation period, but noted that the Union industry remains in an economically fragile and injurious situation. |
| --- | --- |

(236)

In its comments following final disclosure, the applicant agreed with the Commission’s conclusions, stating that the imposition of the anti-dumping measures has led to a general improvement in the economic situation of the Union industry as compared to the original investigation period, but noted that the Union industry remains in an economically fragile and injurious situation.

| (237) | In its comments, CISA considered that the fact acknowledged by the Commission that the alleged continued injury suffered by the Union industry was not caused by Chinese imports is crucial in this case. |
| --- | --- |

(237)

In its comments, CISA considered that the fact acknowledged by the Commission that the alleged continued injury suffered by the Union industry was not caused by Chinese imports is crucial in this case.

| (238) | However, CISA also questioned the Commission’s determination of injury, claiming that it did not meet the standard of objective examination and positive evidence set out in Article 3.1 of the WTO Anti-dumping Agreement. To corroborate this claim, CISA elaborated on the choice of period considered, the interpretation of the major macroeconomic indicators of the Union industry, and the import pricing trends. |
| --- | --- |

(238)

However, CISA also questioned the Commission’s determination of injury, claiming that it did not meet the standard of objective examination and positive evidence set out in Article 3.1 of the WTO Anti-dumping Agreement. To corroborate this claim, CISA elaborated on the choice of period considered, the interpretation of the major macroeconomic indicators of the Union industry, and the import pricing trends.

| (239) | As regards the period considered, CISA referred to the interpretation of the standard of “objective examination” by the WTO Appellate Body, which stated in its report (72) that "investigating authorities are not entitled to conduct their investigation in such a way that it becomes more likely that, as a result of the fact-finding or evaluation process, they will determine that the domestic industry is injured". Moreover, CISA referred to Article 6(1) of the basic Regulation which provides that the investigation period serves, inter alia, “the purpose of a representative finding”. CISA considered that, due to the effects of COVID-19 in 2020 and 2021 on the economy in general, and on the steel industry in particular, the period considered by the Commission (1 January 2018 to 31 December 2021) was not representative, and that the Commission should have included in the period considered at least two more years prior to it, as well the post-IP period. |
| --- | --- |

(239)

As regards the period considered, CISA referred to the interpretation of the standard of “objective examination” by the WTO Appellate Body, which stated in its report (72) that "investigating authorities are not entitled to conduct their investigation in such a way that it becomes more likely that, as a result of the fact-finding or evaluation process, they will determine that the domestic industry is injured". Moreover, CISA referred to Article 6(1) of the basic Regulation which provides that the investigation period serves, inter alia, “the purpose of a representative finding”. CISA considered that, due to the effects of COVID-19 in 2020 and 2021 on the economy in general, and on the steel industry in particular, the period considered by the Commission (1 January 2018 to 31 December 2021) was not representative, and that the Commission should have included in the period considered at least two more years prior to it, as well the post-IP period.

72

| (240) | As regards the interpretation of the major macroeconomic indicators of the Union industry, CISA reiterated the views expressed in its comments on initiation. In particular, CISA focused on the decline of heavy plate consumption in the Union and argued that the indicators of the Union industry should be analysed in relation to this decline. CISA argued that this approach would conclude that the Union industry is in a sound state. Moreover, CISA stressed that the any negative development of such indicators could not be attributed to Chinese imports. |
| --- | --- |

(240)

As regards the interpretation of the major macroeconomic indicators of the Union industry, CISA reiterated the views expressed in its comments on initiation. In particular, CISA focused on the decline of heavy plate consumption in the Union and argued that the indicators of the Union industry should be analysed in relation to this decline. CISA argued that this approach would conclude that the Union industry is in a sound state. Moreover, CISA stressed that the any negative development of such indicators could not be attributed to Chinese imports.

| (241) | As regards the import pricing trends, CISA observed that prices of imports from China were higher than the sales prices and the costs of production of the Union industry during the review investigation period, and also that imports prices from China between 2019 and 2021 were higher than import prices from other third countries, which were consistently below the sales prices and the costs of production of the Union industry. In CISA’s view, this provided prima facie evidence of price undercutting and underselling by current exporters and provided further evidence that maintenance of the existing anti-dumping measures against China is not warranted, contrary to the Commission’s conclusions. |
| --- | --- |

(241)

As regards the import pricing trends, CISA observed that prices of imports from China were higher than the sales prices and the costs of production of the Union industry during the review investigation period, and also that imports prices from China between 2019 and 2021 were higher than import prices from other third countries, which were consistently below the sales prices and the costs of production of the Union industry. In CISA’s view, this provided prima facie evidence of price undercutting and underselling by current exporters and provided further evidence that maintenance of the existing anti-dumping measures against China is not warranted, contrary to the Commission’s conclusions.

| (242) | As stated in in recital (233) the material injury suffered by the Union industry during the review investigation period could not be attributed to dumped imports from China. Therefore, and contrary to CISA’s comments, the cause of injury is not a crucial issue in the present case. Furthermore, the analysis of the likelihood of recurrence of injury has demonstrated that the absence of measures would in all likelihood result in a significant increase of dumped imports from the PRC at injurious prices and material injury originally caused by dumped imports from China would be likely to recur. This is explained in detail in recitals (249) to (263) below. Therefore, CISA’s claims with regard to the finding of material injury are ineffective. |
| --- | --- |

(242)

As stated in in recital (233) the material injury suffered by the Union industry during the review investigation period could not be attributed to dumped imports from China. Therefore, and contrary to CISA’s comments, the cause of injury is not a crucial issue in the present case. Furthermore, the analysis of the likelihood of recurrence of injury has demonstrated that the absence of measures would in all likelihood result in a significant increase of dumped imports from the PRC at injurious prices and material injury originally caused by dumped imports from China would be likely to recur. This is explained in detail in recitals (249) to (263) below. Therefore, CISA’s claims with regard to the finding of material injury are ineffective.

| (243) | In any case and for the sake of completeness, for the reasons explained in the following recitals the Commission also disagreed with CISA’s claims that the determination of injury did not meet the standard of objective examination and positive evidence. It also disagreed that any of the arguments provided by CISA lend any support to this claim. |
| --- | --- |

(243)

In any case and for the sake of completeness, for the reasons explained in the following recitals the Commission also disagreed with CISA’s claims that the determination of injury did not meet the standard of objective examination and positive evidence. It also disagreed that any of the arguments provided by CISA lend any support to this claim.

| (244) | As regards the selection of the period considered, as CISA concedes in its submission, the Commission enjoys considerable discretion. In this case, it followed its normal practice, which is to select a period which includes the investigation period (selected in accordance with Article 6(1) of the basic Regulation) and three full years prior to it. Therefore, any insinuation that the period considered was selected in such a way that it becomes more likely to find injury is entirely unfounded and must be rejected. Concerning the representativeness, a period of four full years would be normally considered as sufficiently representative. It is normal for market conditions to vary over such period, and to include intervals of economic downturn, whether being part of a business cycle, or caused by unexpected developments, such as the COVID-19 outbreak. Moreover, the Commission stressed that market conditions, including the decline in consumption, have been duly taken into account in its assessment, which concluded that injury could not be attributed to imports from China. |
| --- | --- |

(244)

As regards the selection of the period considered, as CISA concedes in its submission, the Commission enjoys considerable discretion. In this case, it followed its normal practice, which is to select a period which includes the investigation period (selected in accordance with Article 6(1) of the basic Regulation) and three full years prior to it. Therefore, any insinuation that the period considered was selected in such a way that it becomes more likely to find injury is entirely unfounded and must be rejected. Concerning the representativeness, a period of four full years would be normally considered as sufficiently representative. It is normal for market conditions to vary over such period, and to include intervals of economic downturn, whether being part of a business cycle, or caused by unexpected developments, such as the COVID-19 outbreak. Moreover, the Commission stressed that market conditions, including the decline in consumption, have been duly taken into account in its assessment, which concluded that injury could not be attributed to imports from China.

| (245) | As regards the interpretation of the major macroeconomic indicators, the Commission noted that there is nothing in the basic Regulation to suggest that the economic situation of the Union industry should be assessed only relative to consumption and other market conditions. Instead, the basic Regulation requires that contraction in demand and changes in the patterns of consumption be taken into account for the assessment of causality. As explained above, this requirement has been fully met by the Commission’s analysis. |
| --- | --- |

(245)

As regards the interpretation of the major macroeconomic indicators, the Commission noted that there is nothing in the basic Regulation to suggest that the economic situation of the Union industry should be assessed only relative to consumption and other market conditions. Instead, the basic Regulation requires that contraction in demand and changes in the patterns of consumption be taken into account for the assessment of causality. As explained above, this requirement has been fully met by the Commission’s analysis.

| (246) | As regards the import pricing trends, the Commission noted that the comparison of volumes and prices of imports from China to volumes and prices of imports from third countries is not relevant for the determination of injury per se, but could be relevant only for the assessment of the existence of a causal link. |
| --- | --- |

(246)

As regards the import pricing trends, the Commission noted that the comparison of volumes and prices of imports from China to volumes and prices of imports from third countries is not relevant for the determination of injury per se, but could be relevant only for the assessment of the existence of a causal link.

per se

| (247) | In view of the above, the Commission confirmed its conclusion on injury, noting that in any event, the analysis of existence of material injury during the review investigation period is separate from the positive determination of the likelihood of recurrence of injury if measures are allowed to lapse. The latter is based on a prospective analysis of various factors as explained in recitals (250) to (260). |
| --- | --- |

(247)

In view of the above, the Commission confirmed its conclusion on injury, noting that in any event, the analysis of existence of material injury during the review investigation period is separate from the positive determination of the likelihood of recurrence of injury if measures are allowed to lapse. The latter is based on a prospective analysis of various factors as explained in recitals (250) to (260).

6.   LIKELIHOOD OF RECURRENCE OF INJURY ORIGINALLY CAUSED BY DUMPED IMPORTS FROM CHINA

LIKELIHOOD OF RECURRENCE OF INJURY ORIGINALLY CAUSED BY DUMPED IMPORTS FROM CHINA

| (248) | The Commission concluded in recital (233) that the Union industry suffered material injury during the review investigation period. As stated in recital (216), the negative impact of past significant dumping cannot be underestimated and the Commission considered that the injury to the Union industry observed during the review investigation period could not have been caused by imports from the PRC due to their very limited volume in that period. As mentioned in recitals (185) and (230) the market share of Chinese imports remained below de minimis level, namely below 1 % of consumption, during the period considered. Therefore, the Commission assessed, in accordance with Article 11(2) of the basic Regulation, whether there would be a likelihood of recurrence of injury originally caused by the dumped imports from the PRC if the anti-dumping measures were allowed to lapse. |
| --- | --- |

(248)

The Commission concluded in recital (233) that the Union industry suffered material injury during the review investigation period. As stated in recital (216), the negative impact of past significant dumping cannot be underestimated and the Commission considered that the injury to the Union industry observed during the review investigation period could not have been caused by imports from the PRC due to their very limited volume in that period. As mentioned in recitals (185) and (230) the market share of Chinese imports remained below de minimis level, namely below 1 % of consumption, during the period considered. Therefore, the Commission assessed, in accordance with Article 11(2) of the basic Regulation, whether there would be a likelihood of recurrence of injury originally caused by the dumped imports from the PRC if the anti-dumping measures were allowed to lapse.

de minimis

| (249) | In this regard, the Commission examined the production capacity and spare capacity in the PRC, and the attractiveness of the Union market, including the relationship between export prices to third countries and the price level in the Union. Furthermore, it examined the likely price levels of imports from the PRC in the absence of anti-dumping measures, as well as their impact on the Union industry. |
| --- | --- |

(249)

In this regard, the Commission examined the production capacity and spare capacity in the PRC, and the attractiveness of the Union market, including the relationship between export prices to third countries and the price level in the Union. Furthermore, it examined the likely price levels of imports from the PRC in the absence of anti-dumping measures, as well as their impact on the Union industry.

| (250) | It is recalled that Chinese exporters were increasingly present in the Union market and had a market share as high as 14,4 % in the original investigation period. This shows that these exporters have a particular interest in the Union market. As set out in recital (170), based on the spare capacity in the PRC, the attractiveness of the Union market for Chinese exporting producers and the existence of anti-dumping measures in other countries, which limit the possibilities for exports to these markets, there is a strong likelihood that the expiry of the anti-dumping measures would result in a significant increase of heavy plate exports from the PRC to the Union. |
| --- | --- |

(250)

It is recalled that Chinese exporters were increasingly present in the Union market and had a market share as high as 14,4 % in the original investigation period. This shows that these exporters have a particular interest in the Union market. As set out in recital (170), based on the spare capacity in the PRC, the attractiveness of the Union market for Chinese exporting producers and the existence of anti-dumping measures in other countries, which limit the possibilities for exports to these markets, there is a strong likelihood that the expiry of the anti-dumping measures would result in a significant increase of heavy plate exports from the PRC to the Union.

| (251) | As regards the price levels at which these imports would enter the Union, the applicant provided estimates using pricing data from S&P Global Platts, an independent market analyst of the steel sector. These data included prices of exports (FOB) from the PRC (Shanghai), prices charged by the Union industry (EXW) in Northern and Southern Europe, as well as prices of imports (CIF) at a South European port. The prices of exports from the PRC refer to the basic structural grade Q355, while the rest of the prices refer to the comparable grade S235 JR. The data showed that in the post-RIP period, the export prices from the PRC were generally significantly lower than the prices charged by the Union industry in Northern and Southern Europe, as well as to the prices of imports at a South European port. In particular for the last three months for which data were available, i.e. August, September and October 2022, the applicant calculated the prices of exports from the PRC (adjusted for transport costs from Shanghai to Antwerp) at a level of 39 % lower than the prices charged by the Union industry in Northern Europe, 29 % lower than the prices charged by the Union industry in Southern Europe and 20 % lower than import prices in Southern Europe. As a result, the applicant estimated that a large volume of Chinese exports into the Union market would likely cause EU market prices to decline by at least 20 % to 29 % if the sales volumes were to be maintained. |
| --- | --- |

(251)

As regards the price levels at which these imports would enter the Union, the applicant provided estimates using pricing data from S&P Global Platts, an independent market analyst of the steel sector. These data included prices of exports (FOB) from the PRC (Shanghai), prices charged by the Union industry (EXW) in Northern and Southern Europe, as well as prices of imports (CIF) at a South European port. The prices of exports from the PRC refer to the basic structural grade Q355, while the rest of the prices refer to the comparable grade S235 JR. The data showed that in the post-RIP period, the export prices from the PRC were generally significantly lower than the prices charged by the Union industry in Northern and Southern Europe, as well as to the prices of imports at a South European port. In particular for the last three months for which data were available, i.e. August, September and October 2022, the applicant calculated the prices of exports from the PRC (adjusted for transport costs from Shanghai to Antwerp) at a level of 39 % lower than the prices charged by the Union industry in Northern Europe, 29 % lower than the prices charged by the Union industry in Southern Europe and 20 % lower than import prices in Southern Europe. As a result, the applicant estimated that a large volume of Chinese exports into the Union market would likely cause EU market prices to decline by at least 20 % to 29 % if the sales volumes were to be maintained.

| (252) | In view of the above, the Commission concluded that a substantial increase of imports from the PRC would put significant additional pressure on Union prices which are already at loss making levels. Given the vulnerable state of the Union industry, this combination would result in further substantial losses of sales, market share, and profitability, deteriorating its situation further, and ultimately putting into question its viability. |
| --- | --- |

(252)

In view of the above, the Commission concluded that a substantial increase of imports from the PRC would put significant additional pressure on Union prices which are already at loss making levels. Given the vulnerable state of the Union industry, this combination would result in further substantial losses of sales, market share, and profitability, deteriorating its situation further, and ultimately putting into question its viability.

| (253) | CISA made a number of claims in the context of the likelihood of recurrence of injury. They first claimed that heavy plates already benefit from the protection granted by EU safeguard measures and that these measures alone made it highly unlikely that a recurrence of injury occurs. They invited the Commission to take account of this double protection in its assessment of the current review. |
| --- | --- |

(253)

CISA made a number of claims in the context of the likelihood of recurrence of injury. They first claimed that heavy plates already benefit from the protection granted by EU safeguard measures and that these measures alone made it highly unlikely that a recurrence of injury occurs. They invited the Commission to take account of this double protection in its assessment of the current review.

| (254) | In this context, two basic principles should be recalled. Firstly, even if both safeguard and anti-dumping measures are meant to address injury, the former is not set to replace the latter. Secondly, there is no double protection for the Union industry in this case. As mentioned by CISA, the safeguard measures were set at 25 % whereas the anti-dumping duties on heavy plates were higher and set at a level between 65,1 % and 73,7 %. As clearly mentioned in annex 2.6 of the safeguard Regulation, only a fraction of the anti-dumping duty would be due after the safeguard measures are paid on heavy plates. These measures are therefore not cumulative and there is no double protection. |
| --- | --- |

(254)

In this context, two basic principles should be recalled. Firstly, even if both safeguard and anti-dumping measures are meant to address injury, the former is not set to replace the latter. Secondly, there is no double protection for the Union industry in this case. As mentioned by CISA, the safeguard measures were set at 25 % whereas the anti-dumping duties on heavy plates were higher and set at a level between 65,1 % and 73,7 %. As clearly mentioned in annex 2.6 of the safeguard Regulation, only a fraction of the anti-dumping duty would be due after the safeguard measures are paid on heavy plates. These measures are therefore not cumulative and there is no double protection.

| (255) | Secondly, the annex 2.6 of the safeguard Regulation shows that the safeguard measures are not set to ensure that heavy plates would be imported from China at the relevant non-injurious level set in the original anti-dumping investigation. An additional duty of at least 40,1 % would be due to reach that requirement. Moreover, as mentioned in recitals (79) and (80), the Commission noted that the global quota provided by the current safeguard measures is substantial and therefore it would not able to restrict meaningfully imports from the PRC to enter the Union market at injurious prices if the anti-dumping duties were allowed to lapse. |
| --- | --- |

(255)

Secondly, the annex 2.6 of the safeguard Regulation shows that the safeguard measures are not set to ensure that heavy plates would be imported from China at the relevant non-injurious level set in the original anti-dumping investigation. An additional duty of at least 40,1 % would be due to reach that requirement. Moreover, as mentioned in recitals (79) and (80), the Commission noted that the global quota provided by the current safeguard measures is substantial and therefore it would not able to restrict meaningfully imports from the PRC to enter the Union market at injurious prices if the anti-dumping duties were allowed to lapse.

| (256) | Based on the above considerations, the claims that the Union industry enjoys double protection and that the safeguard measures would prevent injury to recur are rejected. |
| --- | --- |

(256)

Based on the above considerations, the claims that the Union industry enjoys double protection and that the safeguard measures would prevent injury to recur are rejected.

| (257) | CISA and Primex further claimed that the Chinese Ministry of finance announced that certain steel products, including heavy plates, are no longer eligible for VAT export refunds as from August 2021, and that as a result of this measure, injury would be unlikely to recur if measures were allowed to lapse. |
| --- | --- |

(257)

CISA and Primex further claimed that the Chinese Ministry of finance announced that certain steel products, including heavy plates, are no longer eligible for VAT export refunds as from August 2021, and that as a result of this measure, injury would be unlikely to recur if measures were allowed to lapse.

| (258) | As mentioned in recital (166), CISA and Primex did not make any claims on the likely impact of the cancellation of the VAT export refund on the export price to the Union, if measures were allowed to lapse. The Commission considered that, in view of the need to use their spare capacity, the cancellation of the VAT export refund would not preclude Chinese producers from flooding the Union market with dumped exports. Therefore, the argument that as a result of this cancellation injury would be unlikely to recur, was not substantiated. |
| --- | --- |

(258)

As mentioned in recital (166), CISA and Primex did not make any claims on the likely impact of the cancellation of the VAT export refund on the export price to the Union, if measures were allowed to lapse. The Commission considered that, in view of the need to use their spare capacity, the cancellation of the VAT export refund would not preclude Chinese producers from flooding the Union market with dumped exports. Therefore, the argument that as a result of this cancellation injury would be unlikely to recur, was not substantiated.

| (259) | On this basis, it is concluded that the absence of measures would in all likelihood result in a significant increase of dumped imports from the PRC at injurious prices and material injury originally caused by dumped imports from China would be likely to recur.


  Comments following final disclosure |
| --- | --- |

(259)

On this basis, it is concluded that the absence of measures would in all likelihood result in a significant increase of dumped imports from the PRC at injurious prices and material injury originally caused by dumped imports from China would be likely to recur.

Comments following final disclosure

Comments following final disclosure

| (260) | In its comments following disclosure, the applicant agreed with the Commission’s conclusion, stating that the absence of measures would in all likelihood result in a significant increase of dumped imports from the PRC at injurious prices and material injury originally caused by dumped imports from China would be likely to recur. |
| --- | --- |

(260)

In its comments following disclosure, the applicant agreed with the Commission’s conclusion, stating that the absence of measures would in all likelihood result in a significant increase of dumped imports from the PRC at injurious prices and material injury originally caused by dumped imports from China would be likely to recur.

| (261) | By contrast, it its comments, CISA reiterated that imports of heavy plates from China were already negligible and that the cancellation of the VAT export refund would discourage them further. According to CISA, the only conclusion that can be reasonably reached would be that any alleged injury or recurrence of injury to the Union industry cannot be caused by imports from China. |
| --- | --- |

(261)

By contrast, it its comments, CISA reiterated that imports of heavy plates from China were already negligible and that the cancellation of the VAT export refund would discourage them further. According to CISA, the only conclusion that can be reasonably reached would be that any alleged injury or recurrence of injury to the Union industry cannot be caused by imports from China.

| (262) | The Commission considered that in the context of the likelihood of recurrence of injury assessment, the relevant question was not the effect of the cancellation of VAT export refund while the measures are in force, but its effect on the Union market for heavy plates and on the Union industry in case the measures were allowed to lapse. The Commission noted that CISA did not quantify the effects of such cancellation on the possible volume and export price at which Chinese products may reach the Union market. Moreover, it did not provide any arguments against the conclusion that the cancellation of the VAT export refund would not preclude Chinese producers from flooding the Union market with dumped exports in case the measures are allowed to lapse. Therefore, the Commission maintained the conclusion reached in recital (259) above on the likelihood of recurrence of injury. |
| --- | --- |

(262)

The Commission considered that in the context of the likelihood of recurrence of injury assessment, the relevant question was not the effect of the cancellation of VAT export refund while the measures are in force, but its effect on the Union market for heavy plates and on the Union industry in case the measures were allowed to lapse. The Commission noted that CISA did not quantify the effects of such cancellation on the possible volume and export price at which Chinese products may reach the Union market. Moreover, it did not provide any arguments against the conclusion that the cancellation of the VAT export refund would not preclude Chinese producers from flooding the Union market with dumped exports in case the measures are allowed to lapse. Therefore, the Commission maintained the conclusion reached in recital (259) above on the likelihood of recurrence of injury.

7.   UNION INTEREST

UNION INTEREST

| (263) | In accordance with Article 21 of the basic Regulation, the Commission examined whether maintaining the existing anti-dumping measures would be against the interest of the Union as whole. The determination of the Union interest was based on an appreciation of all the various interests involved, including those of the Union industry, importers/traders, and users. |
| --- | --- |

(263)

In accordance with Article 21 of the basic Regulation, the Commission examined whether maintaining the existing anti-dumping measures would be against the interest of the Union as whole. The determination of the Union interest was based on an appreciation of all the various interests involved, including those of the Union industry, importers/traders, and users.

| (264) | All interested parties were given the opportunity to make their views known pursuant to Article 21(2) of the basic Regulation. |
| --- | --- |

(264)

All interested parties were given the opportunity to make their views known pursuant to Article 21(2) of the basic Regulation.

7.1.   Interest of the Union industry

Interest of the Union industry

| (265) | The Union industry is located in several Member States, such as Germany, France, Italy, Spain, Belgium, Greece, Czech Republic, Poland, Austria and, as mentioned in recital (212), directly employed over 16 000 people in relation to heavy plates during the review investigation period. |
| --- | --- |

(265)

The Union industry is located in several Member States, such as Germany, France, Italy, Spain, Belgium, Greece, Czech Republic, Poland, Austria and, as mentioned in recital (212), directly employed over 16 000 people in relation to heavy plates during the review investigation period.

| (266) | The investigation established that over the period considered, despite the existing measures against the PRC, the Union industry remained loss-making and lost production and sales volume in the Union market. As explained above, should measures be allowed to lapse, there is a high likelihood that Chinese imports would resume in high volumes at dumped prices. This would likely lead to a deterioration of the already vulnerable situation of the Union industry that may put into question the viability of the production of heavy plates, with consequent loss of employment and alternative sources of supply in the Union. |
| --- | --- |

(266)

The investigation established that over the period considered, despite the existing measures against the PRC, the Union industry remained loss-making and lost production and sales volume in the Union market. As explained above, should measures be allowed to lapse, there is a high likelihood that Chinese imports would resume in high volumes at dumped prices. This would likely lead to a deterioration of the already vulnerable situation of the Union industry that may put into question the viability of the production of heavy plates, with consequent loss of employment and alternative sources of supply in the Union.

| (267) | The interest of the Union industry is that the market is governed by effective and fair trade conditions. Should measures be maintained, it is expected that with the market recovery post pandemic, the Union industry would be able to increase its prices, production and sales volume, employment and gradually return to profit. |
| --- | --- |

(267)

The interest of the Union industry is that the market is governed by effective and fair trade conditions. Should measures be maintained, it is expected that with the market recovery post pandemic, the Union industry would be able to increase its prices, production and sales volume, employment and gradually return to profit.

| (268) | The Commission therefore concluded that maintaining the measures in force against the PRC would be clearly in the interest of the Union industry. |
| --- | --- |

(268)

The Commission therefore concluded that maintaining the measures in force against the PRC would be clearly in the interest of the Union industry.

7.2.   Interest of unrelated importers and traders

Interest of unrelated importers and traders

| (269) | No unrelated importers or traders submitted a reply to the relevant Commission questionnaire. |
| --- | --- |

(269)

No unrelated importers or traders submitted a reply to the relevant Commission questionnaire.

| (270) | Primex, an importer of heavy plates, opposed to the prolongation of the measures, made a submission on initiation, but made no comments regarding the interest of unrelated importers and traders. |
| --- | --- |

(270)

Primex, an importer of heavy plates, opposed to the prolongation of the measures, made a submission on initiation, but made no comments regarding the interest of unrelated importers and traders.

| (271) | In the original investigation, it was concluded that the imposition of measures would not have significant negative effects on the interest of the Union importers. This was due to the fact that heavy plates accounted for 20 % or less of the cooperating importers’ business, and due to the fact that most importers trade goods from numerous sources, including the Union industry. |
| --- | --- |

(271)

In the original investigation, it was concluded that the imposition of measures would not have significant negative effects on the interest of the Union importers. This was due to the fact that heavy plates accounted for 20 % or less of the cooperating importers’ business, and due to the fact that most importers trade goods from numerous sources, including the Union industry.

| (272) | In view of the above, the Commission concluded that if the measures were to be maintained, the impact on unrelated importers and traders is unlikely to be significant. |
| --- | --- |

(272)

In view of the above, the Commission concluded that if the measures were to be maintained, the impact on unrelated importers and traders is unlikely to be significant.

7.3.   Interest of users

Interest of users

| (273) | Three users cooperated in the investigation and replied, at least partially, to the Commission’s questionnaire. Europipe GmbH (‘Europipe’) stated that it would be in favour of maintaining the measures. However, this user is owned by two Union producers and its position cannot be considered representative of the users’ interest. |
| --- | --- |

(273)

Three users cooperated in the investigation and replied, at least partially, to the Commission’s questionnaire. Europipe GmbH (‘Europipe’) stated that it would be in favour of maintaining the measures. However, this user is owned by two Union producers and its position cannot be considered representative of the users’ interest.

| (274) | The other two users, Vestas Wind Systems A/S (‘Vestas’) and Astilleros Gondán S.A. (‘Gondán’), stated that they would be against maintaining the measures. |
| --- | --- |

(274)

The other two users, Vestas Wind Systems A/S (‘Vestas’) and Astilleros Gondán S.A. (‘Gondán’), stated that they would be against maintaining the measures.

| (275) | Vestas, which is active in the construction of wind turbines, stated that the product under review constituted a significant share of the cost of its final products. Although it stated that it had sourced heavy plates exclusively from the Union industry during the review investigation period, it claimed that maintaining the measures would have a negative impact on its activities. However, this user declined to provide information that would be relevant for the verification of this claim. |
| --- | --- |

(275)

Vestas, which is active in the construction of wind turbines, stated that the product under review constituted a significant share of the cost of its final products. Although it stated that it had sourced heavy plates exclusively from the Union industry during the review investigation period, it claimed that maintaining the measures would have a negative impact on its activities. However, this user declined to provide information that would be relevant for the verification of this claim.

| (276) | To assess the possible impact the prolongation of the measures may have on this user, and more generally on the wind installation business, the Commission also consulted a report of WinEurope (73) showing that the wind installation industry consistently grew (+22 %) in the period 2018 to 2020 despite the difficult economic situation mentioned in recital (178) and continued to grow in the review investigation period (+17 %). The forecast up to 2026 suggests that this business will continue to grow significantly. |
| --- | --- |

(276)

To assess the possible impact the prolongation of the measures may have on this user, and more generally on the wind installation business, the Commission also consulted a report of WinEurope (73) showing that the wind installation industry consistently grew (+22 %) in the period 2018 to 2020 despite the difficult economic situation mentioned in recital (178) and continued to grow in the review investigation period (+17 %). The forecast up to 2026 suggests that this business will continue to grow significantly.

73

| (277) | Gondán, which is active in shipbuilding, stated that it had also bought exclusively from the Union industry during the review investigation period. The cost of the product under review has been less than 5 % of the full cost of the respective final products. |
| --- | --- |

(277)

Gondán, which is active in shipbuilding, stated that it had also bought exclusively from the Union industry during the review investigation period. The cost of the product under review has been less than 5 % of the full cost of the respective final products.

| (278) | Together, the heavy plate consumption of the opposing users represented significantly less than 10 % of the total Union free market consumption in the review investigation period. |
| --- | --- |

(278)

Together, the heavy plate consumption of the opposing users represented significantly less than 10 % of the total Union free market consumption in the review investigation period.

| (279) | In view of the above, there is no evidence showing that the possible impact of the continuation of the measures would be significant or disproportionate on these users’ activities. |
| --- | --- |

(279)

In view of the above, there is no evidence showing that the possible impact of the continuation of the measures would be significant or disproportionate on these users’ activities.

| (280) | Vestas, CISA and Primex argued that the continuation of anti-dumping measures would not be in the Union interest, in particular taking into consideration the impact of Russia’s unprovoked and unjustified war of aggression against Ukraine since 24 February 2022, on the supply of heavy plates, and by the subsequent sanctions imposed on Russia and Belarus. According to these parties, these developments have resulted in the cessation of imports of heavy plates originating from Russia and Belarus, and in a significant restriction of imports from Ukraine, both of which are expected to persist. According to Vestas and Primex, the production capacity of Union producers would also be restricted, due to alleged shortages in the supply of steel slabs, or of other inputs such as iron ore pellets, coking coal, scrap and alloying metals. In view of the decrease of imports from the aforementioned countries, CISA and Primex argued that imports originating from China would be able to substitute the missing supply. |
| --- | --- |

(280)

Vestas, CISA and Primex argued that the continuation of anti-dumping measures would not be in the Union interest, in particular taking into consideration the impact of Russia’s unprovoked and unjustified war of aggression against Ukraine since 24 February 2022, on the supply of heavy plates, and by the subsequent sanctions imposed on Russia and Belarus. According to these parties, these developments have resulted in the cessation of imports of heavy plates originating from Russia and Belarus, and in a significant restriction of imports from Ukraine, both of which are expected to persist. According to Vestas and Primex, the production capacity of Union producers would also be restricted, due to alleged shortages in the supply of steel slabs, or of other inputs such as iron ore pellets, coking coal, scrap and alloying metals. In view of the decrease of imports from the aforementioned countries, CISA and Primex argued that imports originating from China would be able to substitute the missing supply.

| (281) | The Commission acknowledged that as of February 2022, the war in Ukraine has resulted in a significant decrease of imports from Russia and Ukraine, and that there was no indication of this situation changing in the near future. However, the Commission observed that the imports from Ukraine and Russia have been largely substituted by imports from India, Indonesia and the Republic of Korea. Moreover, as shown in recital (201), the Union industry maintains a spare capacity of around 4 million tonnes and can accommodate significant increases in demand, while the alleged restrictions in raw materials have not been substantiated. Lastly, the Commission recalled that the purpose of the measures is not to foreclose the market to Chinese imports, and that Chinese exports have always been allowed to sell their heavy plates at a non-injurious price. Therefore, the claims on supply shortages could not be accepted. |
| --- | --- |

(281)

The Commission acknowledged that as of February 2022, the war in Ukraine has resulted in a significant decrease of imports from Russia and Ukraine, and that there was no indication of this situation changing in the near future. However, the Commission observed that the imports from Ukraine and Russia have been largely substituted by imports from India, Indonesia and the Republic of Korea. Moreover, as shown in recital (201), the Union industry maintains a spare capacity of around 4 million tonnes and can accommodate significant increases in demand, while the alleged restrictions in raw materials have not been substantiated. Lastly, the Commission recalled that the purpose of the measures is not to foreclose the market to Chinese imports, and that Chinese exports have always been allowed to sell their heavy plates at a non-injurious price. Therefore, the claims on supply shortages could not be accepted.

| (282) | In conclusion, the Commission considered that the impact on users of the continuation of the measures would not be significant, in particular taking into account the need to preserve the production of heavy plate in the Union. |
| --- | --- |

(282)

In conclusion, the Commission considered that the impact on users of the continuation of the measures would not be significant, in particular taking into account the need to preserve the production of heavy plate in the Union.

7.4.   Other factors

Other factors

| (283) | Vestas argued that due to capacity limitations of the Union industry, the demand of the Union wind sector for heavy plates, and in particular large sized steel plates, could not be met if the measures are maintained. According to Vestas, this would also impact the further penetration of wind into the energy mix, and as a result, the ability of the Union to achieve its targets for renewable energy and for CO2 reduction. |
| --- | --- |

(283)

Vestas argued that due to capacity limitations of the Union industry, the demand of the Union wind sector for heavy plates, and in particular large sized steel plates, could not be met if the measures are maintained. According to Vestas, this would also impact the further penetration of wind into the energy mix, and as a result, the ability of the Union to achieve its targets for renewable energy and for CO2 reduction.

| (284) | The Commissions noted that Vestas did not substantiate the alleged capacity limitations for the particular type of heavy plates. In addition, as noted in recital (281), the Union industry maintains a spare capacity which can accommodate significant increases in demand, and its production is complemented by imports from third countries. In view of the above, there is no evidence that the maintenance of the measures would limit substantially the development of the wind sector. |
| --- | --- |

(284)

The Commissions noted that Vestas did not substantiate the alleged capacity limitations for the particular type of heavy plates. In addition, as noted in recital (281), the Union industry maintains a spare capacity which can accommodate significant increases in demand, and its production is complemented by imports from third countries. In view of the above, there is no evidence that the maintenance of the measures would limit substantially the development of the wind sector.

| (285) | Furthermore, the investigation has shown that the Union industry has ambitious plans for investments in ‘greening’ steel production, including a transition from traditional blast furnaces to electric arc furnaces. Such investments are expected to have a significant contribution to the Union targets for the reduction of carbon emissions. However, they would materialise only if the Union industry can achieve adequate profitability, a prerequisite for which is the maintenance of the measures. |
| --- | --- |

(285)

Furthermore, the investigation has shown that the Union industry has ambitious plans for investments in ‘greening’ steel production, including a transition from traditional blast furnaces to electric arc furnaces. Such investments are expected to have a significant contribution to the Union targets for the reduction of carbon emissions. However, they would materialise only if the Union industry can achieve adequate profitability, a prerequisite for which is the maintenance of the measures.

| (286) | In conclusion, the Commission considered that on balance, the continuation of the measures would not have a negative effect on the Union’s environmental targets. |
| --- | --- |

(286)

In conclusion, the Commission considered that on balance, the continuation of the measures would not have a negative effect on the Union’s environmental targets.

7.5.   Conclusion on Union interest

Conclusion on Union interest

| (287) | On the basis of the above, the Commission concluded that there were no compelling reasons of the Union interest against the maintenance of the existing measures on imports of heavy plates originating in the PRC.

  Comments following final disclosure |
| --- | --- |

(287)

On the basis of the above, the Commission concluded that there were no compelling reasons of the Union interest against the maintenance of the existing measures on imports of heavy plates originating in the PRC.

Comments following final disclosure

Comments following final disclosure

| (288) | In its comments following final disclosure, the applicant agreed with the Commission’s conclusions, stating that continuing the measures would benefit the entire Union market ensuring a secure and stable domestic supply of heavy plate and permitting the ongoing transition to green steel production and the reduction of greenhouse gas emissions. |
| --- | --- |

(288)

In its comments following final disclosure, the applicant agreed with the Commission’s conclusions, stating that continuing the measures would benefit the entire Union market ensuring a secure and stable domestic supply of heavy plate and permitting the ongoing transition to green steel production and the reduction of greenhouse gas emissions.

| (289) | By contrast, CISA claimed that Union interest considerations require the expiry of the measures in question due to the following reasons: (1) the potential deficit of imports following de-facto exit of Russia and Ukraine from the EU market and the maintenance of steel safeguard measures, (2) the proposed EU Carbon Border Adjustment Mechanism and (3) the economic recession risks linked to high inflation rates in the EU. |
| --- | --- |

(289)

By contrast, CISA claimed that Union interest considerations require the expiry of the measures in question due to the following reasons: (1) the potential deficit of imports following de-facto exit of Russia and Ukraine from the EU market and the maintenance of steel safeguard measures, (2) the proposed EU Carbon Border Adjustment Mechanism and (3) the economic recession risks linked to high inflation rates in the EU.

| (290) | As regards the potential deficit of imports, CISA reiterated its view that the cessation of imports from Russia and Ukraine would create a shortage of supply. To support its claim, it submitted a relevant article (74) published by a market analyst. |
| --- | --- |

(290)

As regards the potential deficit of imports, CISA reiterated its view that the cessation of imports from Russia and Ukraine would create a shortage of supply. To support its claim, it submitted a relevant article (74) published by a market analyst.

74

| (291) | The Commission noted that the information provided by CISA confirms the conclusion that that the imports from Ukraine and Russia have been largely substituted by imports from other countries, including India and Indonesia. Taking also into account the fact that no reliable information has been provided by CISA regarding the evolution of Union demand or regarding the production of heavy plates by Union producers, it was considered that the claims regarding the existence of a deficit were not substantiated and could not be taken into account. |
| --- | --- |

(291)

The Commission noted that the information provided by CISA confirms the conclusion that that the imports from Ukraine and Russia have been largely substituted by imports from other countries, including India and Indonesia. Taking also into account the fact that no reliable information has been provided by CISA regarding the evolution of Union demand or regarding the production of heavy plates by Union producers, it was considered that the claims regarding the existence of a deficit were not substantiated and could not be taken into account.

| (292) | As regards the EU Carbon Border Adjustment Mechanism (CBAM), CISA claimed that, if it is adopted and applied in accordance with the relevant provisional agreement between the European Parliament and the Council (75), it will impose significant additional costs, and therefore, it will discourage imports of heavy plates, including in particular imports from China, India, Russia, and Türkiye. |
| --- | --- |

(292)

As regards the EU Carbon Border Adjustment Mechanism (CBAM), CISA claimed that, if it is adopted and applied in accordance with the relevant provisional agreement between the European Parliament and the Council (75), it will impose significant additional costs, and therefore, it will discourage imports of heavy plates, including in particular imports from China, India, Russia, and Türkiye.

75

| (293) | As CISA itself acknowledged, the CBAM did not have any effect during the review investigation period because it was still a legislative proposal. In any event, the Commission recalled that the aim of the proposed mechanism is to prevent carbon leakage, encourage cleaner industrial production in non-EU countries, and ensure a fair price on the carbon emitted during the production of a limited number of energy-intensive goods that are entering the EU. Therefore, the objectives pursued by CBAM are fully in line with the interest of the Union to pursue its environmental goals. Moreover, the Commission recalled that any possible impact of CBAM on imports of heavy plates from China, India, Russia and Türkiye would depend on the level of decarbonisation in the production process of these countries, which is still too early to assess at this stage. The Commission will proceed in this respect to a review of the CBAM impact at the end of the transitional period of implementation (December 2025) to adjust its application where necessary before the full entry into force of the definitive system in January 2026. In view of the above, this claim was rejected. |
| --- | --- |

(293)

As CISA itself acknowledged, the CBAM did not have any effect during the review investigation period because it was still a legislative proposal. In any event, the Commission recalled that the aim of the proposed mechanism is to prevent carbon leakage, encourage cleaner industrial production in non-EU countries, and ensure a fair price on the carbon emitted during the production of a limited number of energy-intensive goods that are entering the EU. Therefore, the objectives pursued by CBAM are fully in line with the interest of the Union to pursue its environmental goals. Moreover, the Commission recalled that any possible impact of CBAM on imports of heavy plates from China, India, Russia and Türkiye would depend on the level of decarbonisation in the production process of these countries, which is still too early to assess at this stage. The Commission will proceed in this respect to a review of the CBAM impact at the end of the transitional period of implementation (December 2025) to adjust its application where necessary before the full entry into force of the definitive system in January 2026. In view of the above, this claim was rejected.

| (294) | As regards inflation, CISA claimed that in light of the unprecedented levels experienced in the Union in 2022, the increase in prices of the product concerned would put at risk the viability of infrastructure projects and endanger the GDP growth in the EU member states. |
| --- | --- |

(294)

As regards inflation, CISA claimed that in light of the unprecedented levels experienced in the Union in 2022, the increase in prices of the product concerned would put at risk the viability of infrastructure projects and endanger the GDP growth in the EU member states.

| (295) | The Commission recalled that the aim of the measures was to ensure fair market conditions in the Union, and noted that an economic environment in which the cost of inputs increases significantly, but producers are not allowed to adjust their prices accordingly due to dumped imports, would not be conducive to economic growth and would threaten the viability of the industry. |
| --- | --- |

(295)

The Commission recalled that the aim of the measures was to ensure fair market conditions in the Union, and noted that an economic environment in which the cost of inputs increases significantly, but producers are not allowed to adjust their prices accordingly due to dumped imports, would not be conducive to economic growth and would threaten the viability of the industry.

| (296) | In conclusion, the Commission maintained its position that there are no compelling reasons of the Union interest against the maintenance of the existing measures on imports of heavy plates originating in the PRC. |
| --- | --- |

(296)

In conclusion, the Commission maintained its position that there are no compelling reasons of the Union interest against the maintenance of the existing measures on imports of heavy plates originating in the PRC.

8.   CLAIMS THAT MEASURES BE SUSPENDED

CLAIMS THAT MEASURES BE SUSPENDED

| (297) | CISA claimed that the conditions for suspension of the current anti-dumping measures in accordance with Article 14(4) of the Basic Regulation, have been met. CISA claimed that both conditions set out in the aforementioned Article 14(4) of the basic Regulation are fulfilled. CISA alleged that market conditions have temporarily changed to such an extent that injury would be unlikely to continue or occur as a result of the suspension. In that view, CISA referred to the growth expectations of the Union’s downstream industry and the increasing scarcity in the Union market, the expected economic recovery in the post-COVID period, the price increases of the product concerned, the expected decrease of volume of imports from Russia and Ukraine and the Implementing Decision to suspend the definitive antidumping duties imposed on aluminum flat-rolled products from the PRC. |
| --- | --- |

(297)

CISA claimed that the conditions for suspension of the current anti-dumping measures in accordance with Article 14(4) of the Basic Regulation, have been met. CISA claimed that both conditions set out in the aforementioned Article 14(4) of the basic Regulation are fulfilled. CISA alleged that market conditions have temporarily changed to such an extent that injury would be unlikely to continue or occur as a result of the suspension. In that view, CISA referred to the growth expectations of the Union’s downstream industry and the increasing scarcity in the Union market, the expected economic recovery in the post-COVID period, the price increases of the product concerned, the expected decrease of volume of imports from Russia and Ukraine and the Implementing Decision to suspend the definitive antidumping duties imposed on aluminum flat-rolled products from the PRC.

| (298) | The Commission rejected CISA’s claim, as it was unsubstantiated. CISA did not submit any information in order to substantiate whether the conditions of Article 14(4) of the basic Regulation are being met and that the current antidumping measures should be suspended. |
| --- | --- |

(298)

The Commission rejected CISA’s claim, as it was unsubstantiated. CISA did not submit any information in order to substantiate whether the conditions of Article 14(4) of the basic Regulation are being met and that the current antidumping measures should be suspended.

9.   ANTI-DUMPING MEASURES

ANTI-DUMPING MEASURES

| (299) | On the basis of the conclusions reached by the Commission on the likelihood of recurrence of dumping, likelihood of recurrence of injury and Union interest, the anti-dumping measures on heavy plate from the People’s Republic of China should be maintained. |
| --- | --- |

(299)

On the basis of the conclusions reached by the Commission on the likelihood of recurrence of dumping, likelihood of recurrence of injury and Union interest, the anti-dumping measures on heavy plate from the People’s Republic of China should be maintained.

| (300) | To minimize the risks of circumvention due to the difference in duty rates, special measures are needed to ensure the application of the individual anti-dumping duties. The companies with individual anti-dumping duties must present a valid commercial invoice to the customs authorities of the Member States. The invoice must conform to the requirements set out in Article 1(3) of this regulation. Imports not accompanied by that invoice should be subject to the anti-dumping duty applicable to ‘all other companies’. |
| --- | --- |

(300)

To minimize the risks of circumvention due to the difference in duty rates, special measures are needed to ensure the application of the individual anti-dumping duties. The companies with individual anti-dumping duties must present a valid commercial invoice to the customs authorities of the Member States. The invoice must conform to the requirements set out in Article 1(3) of this regulation. Imports not accompanied by that invoice should be subject to the anti-dumping duty applicable to ‘all other companies’.

| (301) | While presentation of this invoice is necessary for the customs authorities of the Member States to apply the individual rates of anti-dumping duty to imports, it is not the only element to be taken into account by the customs authorities. Indeed, even if presented with an invoice meeting all the requirements set out in Article 1(3) of this regulation, the customs authorities of Member States must carry out their usual checks and may, like in all other cases, require additional documents (shipping documents, etc.) for the purpose of verifying the accuracy of the particulars contained in the declaration and ensure that the subsequent application of the lower rate of duty is justified, in compliance with customs law. |
| --- | --- |

(301)

While presentation of this invoice is necessary for the customs authorities of the Member States to apply the individual rates of anti-dumping duty to imports, it is not the only element to be taken into account by the customs authorities. Indeed, even if presented with an invoice meeting all the requirements set out in Article 1(3) of this regulation, the customs authorities of Member States must carry out their usual checks and may, like in all other cases, require additional documents (shipping documents, etc.) for the purpose of verifying the accuracy of the particulars contained in the declaration and ensure that the subsequent application of the lower rate of duty is justified, in compliance with customs law.

| (302) | Should the exports by one of the companies benefiting from lower individual duty rates increase significantly in volume after the imposition of the measures concerned, such an increase in volume could be considered as constituting in itself a change in the pattern of trade due to the imposition of measures within the meaning of Article 13(1) of the basic Regulation. In such circumstances and provided the conditions are met an anti-circumvention investigation may be initiated. This investigation may, inter alia, examine the need for the removal of individual duty rate(s) and the consequent imposition of a country-wide duty. |
| --- | --- |

(302)

Should the exports by one of the companies benefiting from lower individual duty rates increase significantly in volume after the imposition of the measures concerned, such an increase in volume could be considered as constituting in itself a change in the pattern of trade due to the imposition of measures within the meaning of Article 13(1) of the basic Regulation. In such circumstances and provided the conditions are met an anti-circumvention investigation may be initiated. This investigation may, inter alia, examine the need for the removal of individual duty rate(s) and the consequent imposition of a country-wide duty.

| (303) | The individual company anti-dumping duty rates specified in this Regulation are exclusively applicable to imports of the product under review originating in the People’s Republic of China and produced by the named legal entities. Imports of the product under review produced by any other company not specifically mentioned in the operative part of this Regulation, including entities related to those specifically mentioned, should be subject to the duty rate applicable to ‘all other companies’. They should not be subject to any of the individual anti-dumping duty rates. |
| --- | --- |

(303)

The individual company anti-dumping duty rates specified in this Regulation are exclusively applicable to imports of the product under review originating in the People’s Republic of China and produced by the named legal entities. Imports of the product under review produced by any other company not specifically mentioned in the operative part of this Regulation, including entities related to those specifically mentioned, should be subject to the duty rate applicable to ‘all other companies’. They should not be subject to any of the individual anti-dumping duty rates.

| (304) | A company may request the application of these individual anti-dumping duty rates if it changes subsequently the name of its entity. The request must be addressed to the Commission (76). The request must contain all the relevant information enabling to demonstrate that the change does not affect the right of the company to benefit from the duty rate which applies to it. If the change of name of the company does not affect its right to benefit from the duty rate which applies to it, a regulation about the change of name will be published in the Official Journal of the European Union. |
| --- | --- |

(304)

A company may request the application of these individual anti-dumping duty rates if it changes subsequently the name of its entity. The request must be addressed to the Commission (76). The request must contain all the relevant information enabling to demonstrate that the change does not affect the right of the company to benefit from the duty rate which applies to it. If the change of name of the company does not affect its right to benefit from the duty rate which applies to it, a regulation about the change of name will be published in the Official Journal of the European Union.

76

Official Journal of the European Union

| (305) | An exporter or producer that did not export the product concerned to the Union during the period that was used to set the level of the duty currently applicable to its exports may request the Commission to be made subject to the anti-dumping duty rate for cooperating companies not included in the sample. The Commission should grant such request, provided that three conditions are met. The new exporting producer would have to demonstrate that: (i) it did not export the product concerned to the Union during the period that was used to set the level of the duty applicable to its exports; (ii) it is not related to a company that did so and thus is subject to the anti-dumping duties; and (iii) has exported the product concerned thereafter or has entered into an irrevocable contractual obligation to do so in substantial quantities. |
| --- | --- |

(305)

An exporter or producer that did not export the product concerned to the Union during the period that was used to set the level of the duty currently applicable to its exports may request the Commission to be made subject to the anti-dumping duty rate for cooperating companies not included in the sample. The Commission should grant such request, provided that three conditions are met. The new exporting producer would have to demonstrate that: (i) it did not export the product concerned to the Union during the period that was used to set the level of the duty applicable to its exports; (ii) it is not related to a company that did so and thus is subject to the anti-dumping duties; and (iii) has exported the product concerned thereafter or has entered into an irrevocable contractual obligation to do so in substantial quantities.

| (306) | All interested parties were informed of the essential facts and considerations on the basis of which it was intended to recommend that the existing measures be maintained. They were also granted a period to make representations subsequent to this disclosure. |
| --- | --- |

(306)

All interested parties were informed of the essential facts and considerations on the basis of which it was intended to recommend that the existing measures be maintained. They were also granted a period to make representations subsequent to this disclosure.

| (307) | In view of Article 109 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council (77) when an amount is to be reimbursed following a judgment of the Court of Justice of the European Union, the interest to be paid should be the rate applied by the European Central Bank to its principal refinancing operations, as published in the C series of the Official Journal of the European Union on the first calendar day of each month. |
| --- | --- |

(307)

In view of Article 109 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council (77) when an amount is to be reimbursed following a judgment of the Court of Justice of the European Union, the interest to be paid should be the rate applied by the European Central Bank to its principal refinancing operations, as published in the C series of the Official Journal of the European Union on the first calendar day of each month.

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Official Journal of the European Union

| (308) | By Commission Implementing Regulation (EU) 2019/159 (78), the Commission imposed a safeguard measure with respect to certain steel products for a period of three years. By Implementing Regulation (EU) 2021/1029 (79), the safeguard measure was prolonged until 30 June 2024. The product under review is one of the product categories covered by the safeguard measure. Consequently, once the tariff quotas established under the safeguard measure are exceeded, both the above-quota tariff duty and the anti-dumping duty would become payable on the same imports. As such cumulation of anti-dumping measures with safeguard measures may lead to an effect on trade greater than desirable, the Commission decided to prevent the concurrent application of the anti-dumping duty with the above quota tariff duty for the product under review for the duration of the imposition of the safeguard duty. |
| --- | --- |

(308)

By Commission Implementing Regulation (EU) 2019/159 (78), the Commission imposed a safeguard measure with respect to certain steel products for a period of three years. By Implementing Regulation (EU) 2021/1029 (79), the safeguard measure was prolonged until 30 June 2024. The product under review is one of the product categories covered by the safeguard measure. Consequently, once the tariff quotas established under the safeguard measure are exceeded, both the above-quota tariff duty and the anti-dumping duty would become payable on the same imports. As such cumulation of anti-dumping measures with safeguard measures may lead to an effect on trade greater than desirable, the Commission decided to prevent the concurrent application of the anti-dumping duty with the above quota tariff duty for the product under review for the duration of the imposition of the safeguard duty.

78

79

| (309) | This means that where the above-quota tariff duty referred to in Article 1(6) of Implementing Regulation (EU) 2019/159 becomes applicable to the product under review, the above-quota tariff duty referred to in Article 1(6) of Implementing Regulation (EU) 2019/159 shall be collected in addition to the difference between that duty and the higher anti-dumping duties imposed pursuant to this Regulation. The part of the amount of anti-dumping duties not collected shall be suspended. |
| --- | --- |

(309)

This means that where the above-quota tariff duty referred to in Article 1(6) of Implementing Regulation (EU) 2019/159 becomes applicable to the product under review, the above-quota tariff duty referred to in Article 1(6) of Implementing Regulation (EU) 2019/159 shall be collected in addition to the difference between that duty and the higher anti-dumping duties imposed pursuant to this Regulation. The part of the amount of anti-dumping duties not collected shall be suspended.

| (310) | The measures provided for in this regulation are in accordance with the opinion of the Committee established by Article 15(1) Regulation (EU) 2016/1036, |
| --- | --- |

(310)

The measures provided for in this regulation are in accordance with the opinion of the Committee established by Article 15(1) Regulation (EU) 2016/1036,

HAS ADOPTED THIS REGULATION:

Article 1

1.   A definitive anti-dumping duty is imposed on imports of flat products of non-alloy or alloy steel (excluding stainless steel, silicon-electrical steel, tool steel and high-speed steel), hot-rolled, not clad, plated or coated, not in coils, of a thickness exceeding 10 mm and of a width of 600 mm or more or of a thickness of 4,75 mm or more but not exceeding 10 mm and of a width of 2 050 mm or more, currently falling under CN codes ex 7208 51 20, ex 7208 51 91, ex 7208 51 98, ex 7208 52 91, ex 7208 90 20, ex 7208 90 80, 7225 40 40, ex 7225 40 60 and ex 7225 99 00 (TARIC codes: 7208512010, 7208519110, 7208519810, 7208529110, 7208902010, 7208908020, 7225406010, and 7225990045) and originating in the People’s Republic of China.

2.   The rates of the definitive anti-dumping duty applicable to the net, free-at-Union-frontier price, before duty, of the product described in paragraph 1 and produced by the companies listed below shall be as follows:

| Company | Anti-dumping duty | TARIC additional code |
| --- | --- | --- |
| Nanjing Iron and Steel Co., Ltd | 73,1  % | C143 |
| Minmetals Yingkou Medium Plate Co., Ltd | 65,1  % | C144 |
| Wuyang Iron and Steel Co., Ltd and Wuyang New Heavy & Wide Steel Plate Co., Ltd | 73,7  % | C145 |
| Other cooperating companies listed in Annex | 70,6  % | |
| All other companies | 73,7  % | C999 |

Company

Anti-dumping duty

TARIC additional code

Nanjing Iron and Steel Co., Ltd

73,1  %

C143

Minmetals Yingkou Medium Plate Co., Ltd

65,1  %

C144

Wuyang Iron and Steel Co., Ltd and Wuyang New Heavy & Wide Steel Plate Co., Ltd

73,7  %

C145

Other cooperating companies listed in Annex

70,6  %

All other companies

73,7  %

C999

3.   The application of the individual duty rates specified for the companies mentioned in paragraph 2 shall be conditional upon presentation to the Member States’ customs authorities of a valid commercial invoice, on which shall appear a declaration dated and signed by an official of the entity issuing such invoice, identified by his/her name and function, drafted as follows: ‘I, the undersigned, certify that the (volume) of (product under review) sold for export to the European Union covered by this invoice was manufactured by (company name and address) (TARIC additional code) in [country concerned]. I declare that the information provided in this invoice is complete and correct.’ If no such invoice is presented, the duty applicable to all other companies shall apply.

4.   Article 1(2) may be amended to add new exporting producers from the People’s Republic of China and make them subject to the appropriate weighted average anti-dumping duty rate for cooperating companies not included in the sample. A new exporting producer shall provide evidence that:

| (a) | it did not export the goods described in Article 1(1) originating in the People’s Republic of China during the period between 1 January 2015 and 31 December 2015 (original investigation period); |
| --- | --- |

(a)

it did not export the goods described in Article 1(1) originating in the People’s Republic of China during the period between 1 January 2015 and 31 December 2015 (original investigation period);

| (b) | it is not related to an exporter or producer subject to the measures imposed by this Regulation; and |
| --- | --- |

(b)

it is not related to an exporter or producer subject to the measures imposed by this Regulation; and

| (c) | it has either actually exported the product under review originating in the People’s Republic of China or has entered into an irrevocable contractual obligation to export a significant quantity to the Union after the end of the original investigation period. |
| --- | --- |

(c)

it has either actually exported the product under review originating in the People’s Republic of China or has entered into an irrevocable contractual obligation to export a significant quantity to the Union after the end of the original investigation period.

5.   Unless otherwise specified, the provisions in force concerning customs duties shall apply.

Article 2

1.   Where the above-quota tariff duty referred to in Article 1(6) of Regulation (EU) 2019/159 becomes applicable to flat products of non-alloy or alloy steel (excluding stainless steel, silicon-electrical steel, tool steel and high-speed steel), hot-rolled, not clad, plated or coated, not in coils, of a thickness exceeding 10 mm and of a width of 600 mm or more or of a thickness of 4,75 mm or more but not exceeding 10 mm and of a width of 2 050 mm or more, the above-quota tariff duty referred to in Article 1(6) of Regulation (EU) 2019/159 shall be collected in addition to the difference between that duty and the higher anti-dumping duty set out in Article 1(2).

2.   The part of the amount of anti-dumping duty not collected pursuant to paragraph 1 shall be suspended.

3.   The suspensions referred to in paragraph 2 shall be limited in time to the period of application of the above-quota tariff duty referred to in Article 1(6) of Regulation (EU) 2019/159.

Article 3

This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 16 May 2023.

For the Commission

The President

Ursula VON DER LEYEN

---

(1)  
  OJ L 176, 30.6.2016, p. 21.

1

(2)  
  OJ L 83, 27.3.2015, p. 11.

2

(3)  Commission Implementing Regulation (EU) 2017/336 of 27 February 2017 imposing a definitive anti-dumping duty and collecting definitively the provisional duty imposed on imports of certain heavy plate of non-alloy or other alloy steel originating in the People's Republic of China (OJ L 50, 28.2.2017, p. 18).

3

(4)  Commission implementing Regulation (EU) 2019/1382 of 2 September 2019 amending certain Regulations imposing anti-dumping or anti-subsidy measures on certain steel products subject to safeguard measures (OJ L 227, 3.9.2019, p. 1).

4

(5)  Notice of the impending expiry of certain anti-dumping measures (OJ C 209, 2.6.2021, p. 24).

5

(6)  Notice of initiation of an expiry review of the anti-dumping measures applicable to imports of certain heavy plate of non-alloy or other alloy steel originating in the People’s Republic of China (OJ C 89, 25.2.2022, p. 3).

6

(7)  See judgments of 11 July 2017, Viraj Profiles Ltd, T-67/14, ECLI:EU:T:2017:481, paras. 98-99.

7

Viraj Profiles Ltd

(8)  See judgment of 15 December 2016, Gul Ahmed Textile Mills Ltd, T-199/04 RENV ECLI:EU:T:2016:740, para. 92.

8

Gul Ahmed Textile Mills Ltd

(9)  
  Id. para. 94.

9

Id

(10)  Source : Request (t22.001107) page 7 and https://www.argusmedia.com/en/news/2021033-brazil-renews-antidumping-duties-on-plate-imports

10

(11)  10-digit commodity codes.

11

(12)  See Article LXIV, Section 2 of the 14th FYP

12

th

(13)  See Section VIII of the 14th FYP on Developing the Raw Materials Industry

13

th

(14)  https://trade.ec.europa.eu/tdi/case_details.cfm?id=2583

14

details

(15)  http://www.gtis.com/gta/secure/default.cfm

15

(16)  https://www.crugroup.com CRU International Limited, Steel Plate Market Outlook (Nov.2021)

16

(17)  https://www.metalsconsultinginternational.com Source: James F. King (Metals Consulting International Limited).

17

(18)  Commission Implementing Regulation (EU) 2016/1777 of 6 October 2016 imposing a provisional anti-dumping duty on imports of certain heavy plate of non-alloy or other alloy steel originating in the People's Republic of China, OJ L 272, 7.10.2016, p.5

18

(19)  IMF, World Economic Outlook, 19 (Oct. 2022) https://www.imf.org/-/media/Files/Publications/WEO/2022/October/English/text.ashx (accessed on 5 December 2022).

19

(20)  OECD, Steel Market Developments, Q2 2022, 70 (2022) https://www.oecd.org/industry/ind/steel-market-developments-Q2-2022.pdf (accessed on 5 December 2022).

20

(21)  Commission Implementing Regulation (EU) 2022/58 of 14 January 2022 imposing a definitive anti-dumping duty on imports of certain grain-oriented flat-rolled products of silicon-electrical steel originating in the People’s Republic of China, Japan, the Republic of Korea, the Russian Federation and the United States of America following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council (OJ L 10, 17.1.2022, p. 17).

21

(22)  Commission Implementing Regulation (EU) 2022/434 of 15 March 2022 amending Regulation (EU) 2019/159 imposing a definitive safeguard measure against imports of certain steel products (OJ L 88, 16.3.2022, p. 181).

22

(23)  Commission Implementing Regulation (EU) 2022/978 of 23 June 2022 amending Implementing Regulation (EU) 2019/159 imposing a definitive safeguard measure on imports of certain steel products (OJ L 167, 24.6.2022, p. 58).

23

(24)  Commission Implementing Regulation (EU) 2022/2068 of 26 October 2022 imposing a definitive anti-dumping duty on imports of certain cold-rolled flat steel products originating in the People’s Republic of China and the Russian Federation following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council (OJ L 277, 27.10.2022, p. 149); Commission Implementing Regulation (EU) 2022/191 of 16 February 2022 imposing a definitive anti-dumping duty on imports of certain iron or steel fasteners originating in the People’s Republic of China (OJ L 36, 17.2.2022, p. 1); Commission Implementing Regulation (EU) 2022/95 of 24 January 2022 imposing a definitive anti-dumping duty on imports of certain tube and pipe fittings, of iron or steel, originating in the People’s Republic of China, as extended to imports of certain tube and pipe fittings, of iron or steel consigned from Taiwan, Indonesia, Sri Lanka and the Philippines, whether declared as originating in these countries or not, following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council (OJ L 16, 25.1.2022, p. 36); Commission Implementing Regulation (EU) 2021/2239 of 15 December 2021 imposing a definitive anti-dumping duty on imports of certain utility scale steel wind towers originating in the People’s Republic of China (OJ L 450, 16.12.2021, p. 59); Commission Implementing Regulation (EU) 2021/635 of 16 April 2021 imposing a definitive anti-dumping duty on imports of certain welded pipes and tubes of iron or non-alloyed steel originating in Belarus, the People’s Republic of China and Russia following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council (OJ L 132, 19.4.2021, p. 145).

24

(25)  See Implementing Regulation (EU) 2022/2068 recital 80; Implementing Regulation (EU) 2022/191 recital 208, Implementing Regulation (EU) 2022/95 recital 59, Implementing Regulation (EU) 2021/2239 recitals 67-74, Implementing Regulation (EU) 2021/635 recitals 149-150.

25

(26)  See Implementing Regulation (EU) 2022/2068 recital 64; Implementing Regulation (EU) 2022/191 recital 192, Implementing Regulation (EU) 2022/95 recital 46, Implementing Regulation (EU) 2021/2239 recitals 67-74, Implementing Regulation (EU) 2021/635 recitals 115-118

26

(27)  See Implementing Regulation (EU) 2022/2068 recital 66; Implementing Regulation (EU) 2022/191 recitals 193-4, Implementing Regulation (EU) 2022/95 recital 47, Implementing Regulation (EU) 2021/2239 recitals 67-74, Implementing Regulation (EU) 2021/635 recitals 119-122. While the right to appoint and to remove key management personnel in SOEs by the relevant State authorities, as provided for in the Chinese legislation, can be considered to reflect the corresponding ownership rights, CCP cells in enterprises, state owned and private alike, represent another important channel through which the State can interfere with business decisions. According to the PRC’s company law, a CCP organisation is to be established in every company (with at least three CCP members as specified in the CCP Constitution) and the company shall provide the necessary conditions for the activities of the party organisation. In the past, this requirement appears not to have always been followed or strictly enforced. However, since at least 2016 the CCP has reinforced its claims to control business decisions in SOEs as a matter of political principle. The CCP is also reported to exercise pressure on private companies to put ‘patriotism’ first and to follow party discipline. In 2017, it was reported that party cells existed in 70 % of some 1,86 million privately owned companies, with growing pressure for the CCP organisations to have a final say over the business decisions within their respective companies. These rules are of general application throughout the Chinese economy, across all sectors, including to the producers of the product under review and the suppliers of their inputs.

27

(28)  See Implementing Regulation (EU) 2022/2068 recital 68; Implementing Regulation (EU) 2022/191 recitals 195-201, Implementing Regulation (EU) 2022/95 recitals 48-52, Implementing Regulation (EU) 2021/2239 recitals 67-74, Implementing Regulation (EU) 2021/635 recitals 123-129.

28

(29)  See Implementing Regulation (EU) 2022/2068 recital 74; Implementing Regulation (EU) 2022/191 recital 202, Implementing Regulation (EU) 2022/95 recital 53, Implementing Regulation (EU) 2021/2239 recitals 67-74, Implementing Regulation (EU) 2021/635 recitals 130-133.

29

(30)  See Implementing Regulation (EU) 2022/2068 recital 75; Implementing Regulation (EU) 2022/191 recital 203, Implementing Regulation (EU) 2022/95 recital 54, Implementing Regulation (EU) 2021/2239 recitals 67-74, Implementing Regulation (EU) 2021/635 recitals 134-135.

30

(31)  See Implementing Regulation (EU) 2022/2068 recital 76; Implementing Regulation (EU) 2022/191 recital 204, Implementing Regulation (EU) 2022/95 recital 55, Implementing Regulation (EU) 2021/2239 recitals 67-74, Implementing Regulation (EU) 2021/635 recitals 136-145.

31

(32)  Commission staff working document SWD(2017) 483 final/2, 20. 12. 2017, available at: https://ec.europa.eu/transparency/documents-register/detail?ref=SWD(2017)483&lang=en

32

(33)  U.S. Department of Commerce, ‘China’s Status as a non-market economy’, A-570053, 26 October 2017, p. 196; Non-Oriented Electrical Steel from the People’s Republic of China: Final Results of the Expedited First Sunset Review of the Countervailing Duty Order, 85 Fed. Reg. 11339 (Feb. 27, 2020); Countervailing Duty Investigation of Certain Corrosion-Resistant Steel Products from the People’s Republic of China: Final Affirmative Determination, 81 Fed. Reg. 35308 (June 2, 2016).

33

(34)  Commission Implementing Regulation (EU) 2019/687 of 2 May 2019 imposing a definitive anti-dumping duty on imports of certain organic coated steel products originating in the People's Republic of China following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council (OJ L 116, 3.5.2019, p. 5); Implementing Regulation (EU) 2021/635; Commission Implementing Regulation (EU) 2020/508 of 7 April 2020 imposing a provisional anti-dumping duty on imports of certain hot rolled stainless steel sheets and coils originating in Indonesia, the People’s Republic of China and Taiwan (OJ L 110, 8.4.2020, p. 3); Commission Implementing Regulation (EU) 2017/969 of 8 June 2017 imposing definitive countervailing duties on imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel originating in the People's Republic of China and amending Commission Implementing Regulation (EU) 2017/649 imposing a definitive anti-dumping duty on imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel originating in the People's Republic of China (OJ L 146, 9.6.2017, p. 17) and Implementing Regulation (EU) 2022/58.

34

(35)  See:https://www.miit.gov.cn/jgsj/ycls/gzdt/art/2020/art_8fc2875eb24744f591bfd946c126561f.html (accessed on 21 November 2022).

35

(36)  See Section IV, Subsection 3 of the 14th FYP on Developing the Raw Materials Industry

36

(37)  See Section II, Subsection 1 of the 14th FYP on Developing Scrap Steel Industry

37

th

(38)  See the Hebei Province’s Three Year Action Plan on Cluster Development in the Steel Industry Chain, Chapter I, Section 3; available at: https://huanbao.bjx.com.cn/news/20200717/1089773.shtml (accessed on 5 December 2022).

38

(39)  See the Henan Implementation Plan for the Transformation and Upgrade of the Steel Industry during the 14th FYP, Chapter II, Section 3; available at: https://huanbao.bjx.com.cn/news/20211210/1192881.shtml (accessed on 5 December 2022).

39

th

(40)  Jiangsu Province’s Work Plan Steel Sector Transformation and Upgrade and Layout Optimisation 2019-2025; available at: http://www.jiangsu.gov.cn/art/2019/5/5/art_46144_8322422.html (accessed on 5 December 2022).

40

(41)  Shandong Province’s 14 FYP on the Steel Industry Development; Summary available at: http://www.cbmf.org/cbmf/xgxy/gt79/7120947/index.html (accessed on 5 December 2022).

41

(42)  Shanxi Province’s 2020 Steel Industry Transformation and Upgrade Action Plan; available at: http://gxt.shanxi.gov.cn/zfxxgk/zfxxgkml/cl/202110/t20211018_2708031.shtml (accessed on 5 December 2022).

42

(43)  Liaoning Dalian Municipality’s 14 FYP on Developing Manufacturing Industry: “
  By 2025, the industrial output value of new materials will reach 15 million yuan, and the level of equipment and key materials guarantee ability is obviously improved.”; available at: https://www.dl.gov.cn/art/2021/12/20/art_854_1995411.html (accessed on 5 December 2022).

43

By 2025, the industrial output value of new materials will reach 15 million yuan, and the level of equipment and key materials guarantee ability is obviously improved

(44)  Zhejiang Province’s Action Plan to Foster a High Quality Development of the Steel Industry: “
  Foster enterprise mergers and reorganisation, accelerate the concentration process, reduce the number of steel smelting enterprises to approximately 10 enterprises
  ”; available at: https://www.dl.gov.cn/art/2021/12/20/art_854_1995411.html (accessed on 5 December 2022).

44

Foster enterprise mergers and reorganisation, accelerate the concentration process, reduce the number of steel smelting enterprises to approximately 10 enterprises

(45)  See the group’s web, available at: http://www.ansteel.cn/about/jituangaoguan/ (accessed on 21 November 2022).

45

(46)  See the company’s web, available at: https://www.baosteel.com/about/manager (accessed on 21 November 2022).

46

(47)  See at http://www.ansteel.cn/news/xinwenzixun/2021-07-23/0a6a300e05b3e89e7da1fccf2b1c8e77.html (accessed on 21 November 2022).

47

(48)  See at http://www.ansteel.cn/news/xinwenzixun/2021-04-06/19759181c95ff4e85e2b378a1369fb17.html (accessed on 21 November 2022).

48

(49)  See at the group’s web, available at: http://www.baowugroup.com/party_building/overview (accessed on 21 November 2022).

49

(50)  Report, Part III, Chapter 14, p. 346 ff.

50

(51)  See People's Republic of China 14th Five-Year Plan for National Economic and Social Development and Long-Range Objectives for 2035, Part III, Article VIII, available at: https://cset.georgetown.edu/publication/china-14th-five-year-plan/ (accessed on 7 September 2022).

51

th

(52)  See in particular Sections I and II of the 14th FYP on Developing the Raw Materials Industry.

52

th

(53)  See the 14th FYP on Developing the Raw Materials Industry, p. 22.

53

th

(54)  See the Hebei Tangshan Municipality Iron and Steel 1+3 Action Plan 2022, Chapter 4, Section 2; available at: http://www.chinaisa.org.cn/gxportal/xfgl/portal/content.html?articleId=e2bb5519aa49b566863081d57aea9dfdd59e1a4f482bb7acd243e3ae7657c70b&columnId=3683d857cc4577e4cb75f76522b7b82cda039ef70be46ee37f9385ed3198f68a (accessed at 23 November 2022)

54

(55)  See Implementing Regulation (EU) 2021/635, recitals 134-135 and Implementing Regulation (EU) 2020/508, recitals 143-144.

55

(56)  World Bank Open Data – Upper Middle Income, https://data.worldbank.org/income-level/upper-middle-income.

56

(57)  If there is no production of the product under review in any country with a similar level of development, production of a product in the same general category and/or sector of the product under review may be considered.

57

(58)  https://sideraconsult.com/gerdau-initiates-production-of-heavy-plates/

58

(59)  These countries are listed in Annex 1 of Regulation (EU) 2015/755 of the European Parliament and of the Council of 29 April 2015 on common rules for imports from certain third countries (OJ L 123, 19.5.2015, p. 33).

59

(*1)  The value of the benchmarks for raw materials are slightly different than the value of these benchmarks in the Note due to a clerical error (in the Note the value of these benchmarks was wrongly calculated based on the import volume for only the first quarter of 2021 instead of the entire 2021).

*1

(60)  Regulation (EU) 2015/755. Article 2(7) of the basic Regulation considers that domestic prices in those countries cannot be used for the purpose of determining normal value.

60

(61)  https://www.ilo.org/ilostat

61

(62)  https://www.cemig.com.br/

62

(63)  http://www.gasmig.com.br

63

(64)  Commission Implementing Regulation (EU) 2022/802 of 20 May 2022 imposing a provisional anti-dumping duty of electrolytic chromium coated steel products originating in the People’s Republic of China and Brazil (OJ L 143, 23.5.2022, p. 11).

64

(65)  Implementing Regulation (EU) 2022/58.

65

(66)  https://www.in.gov.br/web/dou/-/portaria-n-4.434-de-1-de-outubro-de-2019-219471875

66

(67)  See http://www.gov.cn/zhengce/zhengceku/2021-04/28/content_5603588.htm and http://www.gov.cn/zhengce/zhengceku/2021-07/29/content_5628266.htm , both in Chinese language only.

67

(68)  http://i-tip.wto.org/goods/Forms/MemberView.aspx?mode=modify&action=search

68

(69)  https://www.trade-remedies.service.gov.uk/public/case/TD0014/submission/882d267b-8cbc-48bd-bceb-059a615a0779/

69

(70)  Commission Implementing Regulation (EU) 2022/1998 of 20 September 2022 amending Annex I to Council Regulation (EEC) No 2658/87 on the tariff and statistical nomenclature and on the Common Customs Tariff (OJ L 282, 31.10.2022, p. 1).

70

(71)  See for instance various grades of non-alloy tool steel described in Annex C of standard EN ISO 4957

71

(72)  Appellate Body Report, United States – Anti Dumping Measures on Certain Hot Rolled Steel Products from Japan, DS 184, para. 193.

72

(73)  https://windeurope.org/intelligence-platform/product/wind-energy-in-europe-2021-statistics-and-the-outlook-for-2022-2026/

73

(74)  European steel plate market: Effects from Russia’s war in Ukraine one year on - Fastmarkets (https://www.fastmarkets.com/insights/european-steel-plate-market-one-year-russias-war-in-ukraine) – last accessed on 21 March 2023.

74

(75)  https://ec.europa.eu/commission/presscorner/detail/en/ip_22_7719

75

(76)  European Commission, Directorate-General for Trade, Directorate G, Rue de la Loi 170, 1040 Brussels, Belgium.

76

(77)  Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012 (OJ L 193, 30.7.2018, p. 1).

77

(78)  Commission Implementing Regulation (EU) 2019/159 of 31 January 2019 imposing definitive safeguard measures against imports of certain steel products (OJ L 31, 1.2.2019, p. 27).

78

(79)  Commission Implementing Regulation (EU) 2021/1029 of 24 June 2021 amending Commission Implementing Regulation (EU) 2019/159 to prolong the safeguard measure on imports of certain steel products (OJ L 225I , 25.6.2021, p. 1).

79

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ANNEX

Chinese cooperating exporting producers not sampled :

| Name | City | TARIC additional code |
| --- | --- | --- |
| Angang Steel Company Limited | Anshan, Liaoning | C150 |
| Inner Mongolia Baotou Steel Union Co., Ltd | Baotou, Inner Mongolia | C151 |
| Zhangjiagang Shajing Heavy Plate Co., Ltd | Zhangjiagang, Jiangsu | C146 |
| Jiangsu Tiangong Tools Company Limited | Danyang, Jiangsu | C155 |
| Jiangyin Xingcheng Special Steel Works Co., Ltd | Jiangyin, Jiangsu | C147 |
| Laiwu Steel Yinshan Section Co., Ltd | Laiwu, Shandong | C154 |
| Nanyang Hanye Special Steel Co., Ltd | Xixia, Henan | C152 |
| Qinhuangdao Shouqin Metal Materials Co., Ltd | Qinhuangdao, Hebei | C153 |
| Shandong Iron & Steel Co., Ltd, Jinan Company | Jinan, Shandong | C149 |
| Wuhan Iron and Steel Co., Ltd | Wuhan, Hubei | C156 |
| Xinyu Iron & Steel Co., Ltd | Xinyu, Jiangxi | C148 |

Name

City

TARIC additional code

Angang Steel Company Limited

Anshan, Liaoning

C150

Inner Mongolia Baotou Steel Union Co., Ltd

Baotou, Inner Mongolia

C151

Zhangjiagang Shajing Heavy Plate Co., Ltd

Zhangjiagang, Jiangsu

C146

Jiangsu Tiangong Tools Company Limited

Danyang, Jiangsu

C155

Jiangyin Xingcheng Special Steel Works Co., Ltd

Jiangyin, Jiangsu

C147

Laiwu Steel Yinshan Section Co., Ltd

Laiwu, Shandong

C154

Nanyang Hanye Special Steel Co., Ltd

Xixia, Henan

C152

Qinhuangdao Shouqin Metal Materials Co., Ltd

Qinhuangdao, Hebei

C153

Shandong Iron & Steel Co., Ltd, Jinan Company

Jinan, Shandong

C149

Wuhan Iron and Steel Co., Ltd

Wuhan, Hubei

C156

Xinyu Iron & Steel Co., Ltd

Xinyu, Jiangxi

C148

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